Elon Musk isn’t sure what to call Tesla Cybercab anymore
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Tesla's unconventional Cybertruck electric pickup truck may soon be heading for an autonomous, commercial future, the company's CEO Elon Musk said
As it reported another quarter and year of disappointing financial results, the automaker and CEO Elon Musk talked up plans that could have impacts in Texas.
Despite Elon Musk's love of the Cybertruck, a futuristic-looking electric pickup truck, it hasn't sold very well. When asked by investors about making a more conventional pickup, he called it a leader in its segment and offered a plan to sell it as an autonomous vehicle.
Tesla Inc. (NASDAQ:TSLA) will stop producing the Model S, as well as the Model X, CEO Elon Musk confirmed during the company's fourth-quarter earnings call. Tesla Ends Model S, Model X Production During Tesla's Q4 earnings call on Wednesday,
Tesla CEO Elon Musk overpromised sales of 250,000 Cybertrucks annually by 2025. The company has reached barely 8% of that target. The Tesla Cybertruck is the new Ford Edsel, taking the crown from one of the biggest flops in American car history.
Other Tesla vehicles also struggled to attract buyers, with sales of its X, S and Y models all sinking from the previous year.
Basically, driving a car like the Model S isn’t the future, but a car driving you is. In a first for the company, Tesla revealed it has 1.1 million paying subscribers for its full self-driving (FSD) business.
Tesla CEO Elon Musk said Wednesday that the company will discontinue production of the Model S and Model X, reducing the lineup to essentially three vehicles. So, what's next?