--- title: "Tesla Stock Plummets as Company Abruptly Halts Production of Cybertruck and Model Y" description: "Tesla is pausing production of the Cybertruck and its newly-retooled Model Y, and the stock market is already responding. " date: "2025-06-18" modified: "2025-06-18" authors: - name: "Noor Al-Sibai" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/nooralsibai" url: "https://futurism.com/tesla-stock-cybertruck-production" categories: - "Advanced Transport" - "Tesla" tags: - "cybertruck" - "elon musk" - "model y" - "tesla" --- # Tesla Stock Plummets as Company Abruptly Halts Production of Cybertruck and Model Y ![Tesla is pausing production of the Cybertruck and its newly-retooled Model Y, and the stock market is already responding. ]() *\Image: Getty / Futurism\* Tesla is pausing production of the Cybertruck and its [newly-retooled Model Y](), and the stock market is already responding. On the heels of a [new *Business Insider* report]() about the production shutdown, which is purportedly slated for the week of June 30 based on insider interviews, the company's stock fell to about $316, which was almost four percent lower than it was at the start of the day. To make matters worse, Tesla stock was already sliding thanks to CEO Elon Musk's Robotaxi pilot [being pushed yet again](). While Tesla's stock fortunes are still up from [June 5's massive 14 percent drop to $273]() — coinciding, of course, with Musk's explosive feud with president Donald Trump — there's been yet another dramatic dropoff as the multi-hyphenate CEO moves from one crisis to another. With Tesla sales already depressed thanks to [Musk's politicking](), the new Model Y and the Robotaxi launch were supposed to bring the electric carmaker [back from the brink](). Instead, these dueling crises are proving to be yet another example of Musk over-promising and under-delivering. As *BI* notes, this is the third time this year alone that Cybertruck production has been shut down as the geometric lemon proves not only to be a [beacon for anti-Musk protesters]() to take out their frustrations, but also to be a [pretty crappy car]() in general. Though production pauses are [par for the course]() in the automotive world at large, four Austin Gigafactory employees told *BI* that they were pretty rare at Tesla — until recently, that is. Now that the Cybertruck and Model Y lines are down at Gigafactory, all eyes will be on Robotaxi — and given that its [launch date was pushed]() once this month already, things aren't looking great for Tesla on that front either. **More on Tesla trouble:** [*Old Video Shows Elon Musk Saying That What Tesla's Launching This Month Wouldn't Count as Full Self-Driving*]() ## Author At Futurism, I've often been drawn to unpacking the narratives that underlie technological, scientific and medical progress, with a special interest in areas of conflict and ambiguity that end up setting agendas and steering the fates of both elites and the hoi polloi. I'm a committed generalist, but I often find myself returning to work involving NASA and the private space sector, the effects of AI on media and society, and the mechanics of the pharmaceutical industry, with a specific focus on the spread of GLP-1 drugs like Ozempic and Wegovy. Prior to Futurism, I worked for publications ranging from Media Matters and Truthdig to Raw Story and Bustle. I'm also the author of "Myspace Scene Queens," a 2024 title in Instar Books' acclaimed "Remember the Internet" series. My work at Futurism has been cited by outlets including the New Yorker, Slate, Nieman Lab, the Verge, the MIT Technology Review, the Sunday Times, and the Daily Beast. I grew up in North Carolina, attended the University of North Carolina at Asheville, and now live in Brooklyn, New York. In my free time, I'm an avid reader and music fan; you can probably find me at a local poetry reading, concert, underground rave, or DJ set. I'm the proud parent of an ineffable orange cat named Mee-Mow. ### Author social links [Bluesky]()