'There will never be another vehicle like it': Musk denies Cybertruck losses as he switches focus to driverless robotaxis

Updated: 06:40 EDT, 9 November 2026 Elon Musk has leapt to the defence of the Cybertruck as Tesla winds down production of the electric pick-up.The billionaire tycoon denied it was unprofitable and declared: ‘There will never be another vehicle like it.’The comments, on his social media platform X, came after the Tesla boss last week announced plans to end production of the Cybertruck at its Texas factory next year.He said the move would ‘make room’ for Tesla to build more of its self-driving Cybercab robotaxis. Sales of the Tesla Cybertruck have disappointed since its luanch in 2023 A driverless Tesla Cybercab robotaxi travels through downtown Austin in Texas last monthCommenting on the decision on X today, Musk said: ‘The Cybertruck order rate far exceeds our production rate.‘We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people.‘This is not a case of Cybertruck being unprofitable, as has been misreported by legacy media, but rather that the opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production.’In an earlier post, he said: ‘We are still building Cybertruck for another 8 or 9 months btw, but then Tesla needs to focus on scaling Cybercab. There will never be another vehicle like it.’With its distinctive angular looks, the Cybertruck was finally launched in 2023 following long delays and sales have been disappointing since.Musk, who also runs AI and rockets firm SpaceX, had talked of shifting more than 250,000 trucks a year but sales totalled around 20,000 in 2025.Costing around £75,000 depending on the model, the Cybertruck can do 0-60mph in 2.6 seconds, has a top speed of 130mph and an estimated range of 325 miles.Musk is now pinning his hopes on the two-passenger Cybercab in the battle of the driverless robotaxis with rival Waymo, which is owned by Google parent Alphabet.DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthFreetradeFreetradeInvesting Isa now free on basic planTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you