Tesla reduces Cybertruck production targets, BI reports

Tesla (TSLA) has dropped production targets for several Cybertruck lines over the past few months and has also reduced a handful of Cybertruck productions teams by more than half, Business Insider’s Grace Kay reports, citing two workers with knowledge of the targets. The automaker, which has delivered fewer than 50,000 of the vehicles, has continued to shift employees from the Cybertruck line to the Model Y line since January.