Tesla inventory slips after file EV maker is halting Cybertruck and Model Y manufacturing

Tesla stocks slid greater than 2% Tuesday after a file that the electrical automobile maker used to be halting manufacturing of Cybertruck and Model Y fashions for every week in Austin, Texas.

The manufacturing stoppage starts June 30, Business Insider reported, mentioning a body of workers assembly the place the announcement used to be made. The pause, which is for repairs on manufacturing strains, will be the 3rd such shutdown on the Austin facility previously yr, in keeping with BI.

Tesla is tentatively launching the robotaxi in Austin on June 22, the use of Model Y automobiles provided with a brand new model of the corporate’s “Full Self-Driving” generation.

CEO Elon Musk shared a video clip on X closing week of a Model Y robotaxi on a highway in Austin, including to the thrill for the promised release.

CNBC has reached out to Tesla for remark at the reported pause.

Read the overall BI tale right here.