Overview

• Tesla plans to stop Cybertruck and Model Y production at its Gigafactory Texas from June 30 through July 4 to perform maintenance and line improvements.
• This will be at least the third production halt at the Austin plant in the past year, following a week-long pause in late May and a three-day shutdown in December.
• CEO Elon Musk has said Tesla will launch its Robotaxi service in Austin later this month with an initial fleet of 10 to 20 Model Y vehicles.
• Tesla reported a 13% year-over-year drop in deliveries in Q1 2025 and analysts expect the company’s 2025 vehicle sales to decline for a second consecutive year.
• Tesla shares fell more than 2% after news of the planned production halt swept through markets.