Tesla stock slips after report EV maker is pausing Cybertruck and Model Y production

KEY POINTS

Tesla shares slipped after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas.

Tesla is tentatively launching the robotaxi in Austin on June 22, using Model Y vehicles equipped with a new version of the company’s “Full Self-Driving” technology.

Groups in Austin on Thursday protested the upcoming robotaxi pilot launch and Musk’s involvement in the Trump administration.