Tesla has canceled plans to produce the Cybertruck for Australia and New Zealand, emailing reservation holders about refunds and offering a free one-year FSD subscription to those who buy a new Model Y or Model 3. Gigafactory Texas is currently the only site making Cybertrucks, and Benzinga's analysis suggests third-quarter sales were at most 8,295 units, more likely under 8,000. The article says annual deliveries of 28,000 to 32,000 units fall short of Musk's original goals. It suggests ending production could make sense given muted demand and the difficulty of expanding internationally in a cost-effective way.
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TSLAelectric vehiclesElon Musk
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Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/27/2026 | 407.46 |
| Change that session | +4.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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