Musk previously said the company would wind down production of the electric truck to make room for Cybercab autonomous vehicle production.
Tesla’s first pickup truck has struggled to live up to Musk’s ambitious sales expectations and has faced multiple recalls and quality issues
Musk suffered the worst losses of any billionaire Thursday as SpaceX and Tesla shares fell.
The fortunes of the eight wealthiest people on the planet all dropped over the past month as tech stocks tanked.
Musk first hit trillionaire status briefly in June.
A sprawling, four-hour documentary on the world’s wealthiest person, Elon Musk earned positive reviews from critics.
Musk’s SpaceX and Tesla have both approved compensation rewards that would add billions to the world’s largest fortune.
Shares of both companies have fallen at least 8% since the start of the year.
Two people in a Volkswagen Beetle died after the massive battery-powered truck struck them at a highway intersection in Nevada, not far from the factory that builds it.
A slump in SpaceX’s stock price and new restrictions on $116 billion of Musk’s Tesla shares have dropped him from the four-comma-club.