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FRI 06 NOVEvening4:41 AM

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BIZBBC News

Elon Musk appears to signal the end of the road for Cybertruck

Photo: BBC

Tesla will wind down production of its Cybertruck vehicles at its Texas factory next year, Elon Musk says.

He did not spell out whether it plans to stop making them entirely or shift production elsewhere, but did say the decision was to "make room" for building more of its self-driving Cybercab cars.

But the project's lead engineer, Wes Morrill, appeared to suggest the vehicle was being discontinued, writing on X: "Cybertruck was an incredible technology development platform and lives on through Cybercab."

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BIZThe Guardian

Nasdaq sees worst day in 19 months as investors bet on AI slowdown after Democrats’ election triumph

Nearly $2tn shaved off Nasdaq value as worries of curbs to AI datacenters ripple across bourses The Nasdaq share index had its worst day in 19 months after slumping 5.5% on Thursday amid growing signs that the artificial intelligence industry will face tougher regulation because of the midterm election results. As Wall Street sustained widespread losses, the Nasdaq composite tumbled into “correction territory” – more than 10% below its recent record high – with more than $2tn shaved off its value by the end of trading Thursday. The tech-heavy index had…

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