Tesla is pausing production of the Cybertruck and its newly-retooled Model Y, and the stock market is already responding. On the heels of a new Business Insider report about the production shutdown, which is purportedly slated for the week of June 30 based on insider interviews,

Tesla shares slid Tuesday. The electric vehicle maker reportedly plans to pause production of Cybertrucks and Model Y vehicles at its Austin, Texas plant for a week starting later this month.

The company will simply perform maintenance work and make some improvements on assembly lines to increase production, but the market didn't like the news