Tesla is adjusting its Cybertruck production amid declining demand, according to recent reports. The company has reduced production targets for several Cybertruck lines, reflecting challenges since its launch. Tesla has also begun rebranding the Cybertruck as a practical vehicle for traditional truck buyers, shifting from its initial status symbol positioning. Meanwhile, Tesla’s resale values are dropping significantly, partly due to backlash over Elon Musk’s involvement with DOGE. Investors will closely monitor Tesla’s upcoming earnings report for insights into these issues, including updates on a lower-cost model, the rollout of robotaxi services in Austin, and details on the Optimus humanoid robot. Analysts warn that Musk’s distractions with DOGE could harm Tesla’s brand and growth prospects. JPMorgan has lowered its earnings estimates for Tesla following weak first-quarter delivery results, citing worsening sales trends.
— new from Business Insider
