Key takeaways
- Elon Musk said on Friday that Tesla would wind down Cybertruck production from the middle of next year.
- The Cybertruck amassed over 1 million reservations before launch, and Musk initially predicted Tesla could sell at least 250,000 a year.
- Tesla and SpaceX's stock slide wiped around $80 billion off his fortune on Thursday, per the Bloomberg Billionaires Index, reducing Musk's wealth to $785 billion.
Tesla is bidding farewell to the Cybertruck. Elon Musk said production of the electric pickup would end to free up space for Tesla's Cybercab.
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