Elon Musk says Tesla will wind down Cybertruck production at its Texas factory around the middle of 2027, just days after Democrats swept the midterm elections. Here is what he said, the sales numbers, the election backdrop, what it means for TSLA shareholders, and my idea on how the stock could react.
The two-day drop runs from the November 3 close of $398.50 to the November 5 close of $343.69. Today’s price is as of 10:48 AM Eastern on November 6, 2026. 2025 sales from Kelley Blue Book via CBS News. Sources listed at the bottom of this post.
What actually happened today
On Friday, November 6, Elon Musk posted on X that Tesla will be winding down Cybertruck production at Gigafactory Texas around the middle of next year.
Tesla will wind down the Cybertruck “around the middle of next year.”Elon Musk on X, as shared by Electrek
That was close to the whole announcement. There was no word on how long Tesla will keep selling trucks already built, or what happens to service and parts. Giga Texas is the only factory that makes the Cybertruck today, so building it somewhere else looks unlikely, according to CBS News, which cited Forbes.
The timing matters. The post landed three days after the midterm elections and one day after Tesla’s worst trading session in months.
Why the Cybertruck is ending
I see two forces behind this, and one of them is much bigger than the other.
- The midterm elections. On Tuesday, November 3, Democrats flipped both chambers of Congress in a blue wave, and were projected to hold at least 54 Senate seats and 250 House seats, according to CNBC’s election coverage. Tesla stock fell 3.3 percent on Wednesday and roughly another 11 percent on Thursday, closing at $343.69. CNBC tied the selloff to worries that Musk could face new congressional probes and his companies stricter regulation, alongside a broader tech selloff. In Texas, Democrat James Talarico won the Senate race over Ken Paxton, whose campaign Musk spent a record $224 million to boost. The Cybertruck, a polarizing truck closely tied to Musk himself, was ended the very next morning.
- Weak demand. The truck never came close to selling the way Tesla planned. Electrek reports the Cybertruck line at Giga Texas runs at roughly a quarter of what it was built to make, and the sales numbers below tell the same story.
This also fits a pattern. Electrek reports that Tesla already ended the Model S and Model X this year. Low volume vehicles are being cleared out as the political and business climate around Musk shifts.
The sales numbers
Tesla does not report Cybertruck sales on their own. It lumps them into an “other models” bucket, so the figures below come from outside estimates. Even so, the trend is hard to miss.
Cybertrucks per year
2024 and 2025 from Kelley Blue Book via CBS News. The 2026 pace is Electrek’s estimate from third quarter deliveries. The dashed bar is a forecast, not sales.
Put simply, Tesla built a line for 250,000 trucks a year and has been selling somewhere between 20,000 and 40,000. Electrek estimates about 70,000 Cybertrucks have been delivered in total. It also notes that a noticeable share of recent buyers were Musk’s own companies: SpaceX alone bought 1,279 trucks in the last quarter of 2025, according to S&P Global Mobility data.
The truck has had other problems too. CBS describes it as beset by quality issues and multiple recalls, and Electrek reports Tesla stopped Cybertruck sales in Australia and New Zealand about two weeks ago. It cannot be sold in Europe or most right hand drive countries at all.
How the price changed over time
Part of the demand story is price. The Cybertruck was first teased as an affordable pickup, but the trucks people could actually buy cost a lot more.
| When | Version | Starting price |
|---|---|---|
| Launch | First trucks on sale | $60,990 |
| 2025 | Cheaper rear wheel drive trim, pulled months later | n/a |
| Summer 2026 | Cheaper dual motor trim added | n/a |
| August 2026 to today | Dual motor, after a $5,000 increase | $74,990 |
Launch price from CBS News. Later price changes from Electrek.
What it means for TSLA shareholders
Here is the part that surprises a lot of beginners: TSLA went up on the news. By mid morning it was trading around $357, about 3.8 percent above Thursday’s close. That bounce comes after a roughly 14 percent slide in the two sessions after the election, so it is more of a breather than a recovery.
Why would a stock rise when a company stops making one of its products? A few reasons:
- It was a small slice of the business. Tens of thousands of trucks a year is a small piece of Tesla’s total sales. The money it brings in is small next to the Model 3 and Model Y.
- Losing money on a product hurts. A factory line running at a quarter of its capacity is expensive. Shutting it can actually help profit margins.
- It looks like Tesla reacting fast. After a brutal two days, cutting a polarizing, low selling product reads to some investors like a company adjusting to a new political reality.
One stock moving up on one morning does not tell you much on its own, though. A lot else moves TSLA on any given day, from interest rates to the merger talks with SpaceX.
My take: this is largely about the midterms
I believe this decision is largely due to the massive Democratic win in the midterm elections. Democrats now control both the House and the Senate, the Texas Senate candidate Musk spent $224 million backing lost, and Tesla lost about 14 percent of its value in two days. Musk ended the Cybertruck the very next morning. I don’t think that timing is a coincidence.
The Cybertruck is the product most tied to Musk personally, and it is built in Texas. With a Congress that may come looking at his companies, pulling back on his most polarizing vehicle looks like getting ahead of the pressure.
Weak demand is real too. The truck missed its own forecast by roughly ninety percent and the price went up instead of down. But a product can sell poorly for years without being cut. In my view, the election is what turned a slow seller into a discontinued one.
So my honest read: the midterms pushed this decision, weak sales made it easy, and TSLA now trades even more on politics and big future promises than on any one vehicle.
Major support and resistance areas to watch
Instead of guessing where TSLA goes next, I like to mark the price areas where buyers and sellers have shown up before. These come from TSLA’s daily chart over the last six months. If support and resistance are new to you, start with our interactive support and resistance lesson.
| Level | Type | Why it matters |
|---|---|---|
| ~$414 | Resistance | The November 2 high, the last push before the election |
| $392 to $398 | Major resistance | The gap left when the stock opened lower the morning after the election. Gaps like this often act as a ceiling |
| $375 to $385 | Resistance | A busy zone from September and October, plus Wednesday’s low before Thursday’s drop |
| ~$357 | Today | Where the stock is trading on the Cybertruck news |
| $335 to $342 | Major support | Thursday’s low of $338.15, and the same area that held in mid August |
| $315 to $322 | Support | Where the stock based in early August |
| ~$300 | Major support | The late July lows and a big round number |
How I would read it: as long as TSLA holds above the $335 to $342 support zone, today’s bounce can try for $375 to $385. A move back above $392 to $398 would fill the election gap and erase most of the post-election drop. If $335 breaks on a daily close, the next areas buyers have shown up are around $320 and then $300.
Levels are areas, not exact prices, and big news can blow through any of them. Use them to plan where you would get in, take profit or admit you are wrong, ideally on paper first.
What to watch next
- Any congressional hearings or investigations announced that involve Musk’s companies.
- Any Tesla statement on parts, service and warranty support for current owners.
- How long Tesla keeps selling Cybertruck inventory, and any price cuts to clear it.
- The next quarterly delivery report and its “other models” line.
- Whether TSLA can fill the $392 to $398 election gap, or loses the $335 support zone.
Tesla Cybertruck FAQ
Is Tesla really discontinuing the Cybertruck?
Musk says production at Giga Texas will wind down around the middle of 2027. Giga Texas is the only factory that makes it, so building it elsewhere looks unlikely.
When does Cybertruck production end?
Around mid 2027, based on Musk’s post on November 6, 2026. No exact date has been given.
Why is Tesla ending the Cybertruck?
My view is that it is largely a response to the Democratic sweep in the November 3 midterms, which hit Tesla stock hard. Weak sales are part of it too: about 20,000 trucks in 2025 against a forecast of 250,000 a year.
What happens to Cybertruck owners?
Existing trucks keep working. Tesla has not yet said how long it will provide parts and service, so watch for an official update.
How did TSLA stock react?
It fell about 14 percent in the two days after the midterms, then rose about 3.8 percent by mid morning on November 6, to around $357. One day’s move is not a trend, so watch the support and resistance areas above.
Sources and further reading
- CBS News: Musk says Tesla will end Cybertruck production in 2027
- Electrek: Tesla to end Cybertruck production as sales stall
- Yahoo Finance: Musk says Tesla will end Cybertruck production next year
- CNBC: Tesla and SpaceX stocks fall after the 2026 midterms
- CNBC: 2026 midterm election results
This article is for education and entertainment only and is not financial, legal or tax advice. I am not a financial advisor. Numbers are rounded and based on public reporting and market data as of November 6, 2026. Sales figures are outside estimates because Tesla does not report Cybertruck sales on their own. The link between the election and the Cybertruck decision, and the support and resistance areas, are my own opinion and analysis, not facts reported by Tesla. Do your own research and consider talking to a licensed professional before making investment decisions.
