S&P 5007,542.29▼0.7% Nasdaq25,074.85▼1.1% Dow52,265.28▼0.1% Russell 2K2,780.67▼0.7% 10-Yr5.13%+3bp VIX19.82+1.12 WTI$88.65▼0.1% Gold$3,891.20▲0.1% EUR/USD1.103▼0.6% BTC$69,001▼3.3% Nikkei60,819▼0.7%
At close · Fri, Nov 13, 2026
Daily Market Updates.

US Markets

Home›US Markets›Equities›Farewell, Cybertruck: why the winding down of the ‘Mag…

Farewell, Cybertruck: why the winding down of the ‘Maga hat on wheels’ is a sign of the times

Eccentric and overhyped, Tesla’s Cybertruck became a stand-in for Elon Musk during his ascent in the Republican party. It will join the ranks of other vehicles symbolic of their eras – for better or for worse Three days after a historic blue tsunami changed America’s political landscape, Elon Musk announced Tesla would end production of its hulking Cybertruck next year. Was it a coincidence? Maybe. Musk said the move was “to make room for increased Cybercab production”, referring to Tesla’s Robotaxi. But the combined circumstances felt highly appropriate: it was the end of an era. Continue rea

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.