by Tesla Production Pause: What is Known
Tesla, despite its status as a world leader in electric vehicle manufacturing, is temporarily suspending production of the Model Y and Cybertruck at its Texas plant. The shutdown is scheduled for June 30, but work will resume just a week later. The reason is not a drop in sales, but the need to upgrade equipment to increase production capacity.
Elon Musk once said his company could build as many as 500,000 Cybertrucks every year.
Such pauses are common practice for automakers, yet Tesla shares still lost about 4% of their value after the news was announced. The Model Y update could boost demand, so the company is preparing to scale up. As for the Cybertruck, the situation is more complicated: current production rates are significantly lower than the stated goals.
Cybertruck’s Real Performance
At the beginning of 2024, Tesla demonstrated optimistic Cybertruck production rates, but by March, only about 46 thousand units had been manufactured. This is far from Musk’s ambitious plans to produce 250-500 thousand per year. The lowering of goals in April confirms that the company is facing technological or logistical difficulties.
The temporary production halt could become a key stage for further development. If the modernization allows Tesla to achieve stable production rates, it could restore investor confidence. At the same time, the electric vehicle market is becoming increasingly competitive, and the company can no longer rely solely on its first-mover advantage.
