Tesla drops 2026 volume-production targets for Cybercab, Semi and Megapack 3

Tesla TSLA Cybercab Energy storage (Megapack and Powerwall)Optimus Semi

Tesla's Q2 2026 letter no longer targets 'volume production' of Cybercab, Semi and Megapack 3 in 2026, after saying in January they would reach it that year. The letter also removed Optimus volume-production language from Q1. Capex is now expected at $25 billion for 2026.

No longer targets 2026 'volume production' for Cybercab, Semi or Megapack 3
Optimus volume-production language removed from the Q2 letter
No replacement dates given
2026 capex expected at $25 billion

TSLA around the story · hourly24 h reaction ▼ 14.68%

Moves this explains

TSLA−5.44%Jul 21 · Tesla fell 5.44% on July 22, the day its Q2 2026 shareholder letter said it no longer planned volume production in 2026 for Cybercab, Semi or Megapack 3 (TechCrunch, published 1:43 p.m. PDT, after the regular US close, so part of the reaction may fall on the next session). The same day Alphabet raised its 2026 capex forecast to $195B-$205B and GOOGL fell 5.15%, while SPX was down 0.18%.

Source

TechCrunch

Jul 22, 2026

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