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Jun 18, 2025
Tesla stock takes a hit as production halts
Tesla is hitting pause on making its Cybertruck and updated Model Y at the Austin Gigafactory for a week starting June 30.
This move has already knocked Tesla's stock down by nearly 4%, with shares now around $316.
It's another bump in the road for Tesla, which is also dealing with delays in Elon Musk's much-hyped Robotaxi project.
TL;DR
Cybertruck production halt and stock drop
This marks the third time this year that Cybertruck production has been stopped, something employees say used to be rare.
Add in a recent 14% stock drop after Musk's public feud with Donald Trump, plus ongoing Robotaxi delays, and it's clear Tesla is facing some real challenges keeping up momentum.