Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says
“Tesla will have to refund Cybertruck deposits for many customers as orders far exceed production capacity, CEO Elon Musk said, following last week's announcement that the electric vehicle maker is w…”
"We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people," the billionaire said in a post on X on Monday. The Cybertruck order rate far exceeds our production rate.
We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people. This is not a case of Cybertruck being unprofitable, as has been misreported…https://t.co/r.
GmNKV3ILs— Elon Musk (@elonmusk)November 9, 2026Read More:Tesla to pull the plug on Cybertruck after years of poor sales. The comments come after MusksaidTesla would add an extra production shift to fulfill outstanding Cybertruck orders before dismantling the production line next year to expand output of its Cybercab robotaxi.
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The productionwind downis slated for mid-2027, Musk announced on Friday, with the resources being redirected to the Cybercab, a vehicle central to the automaker's autonomous-driving ambitions.
Tesla began delivering the Cybertruck in late 2023, but demand has fallen far short of Musk's expectations. US sales fell 48% to 20,237 units last year,, well below Musk's earlier projection that annual Cybertruck sales could reach 250,000 vehicles.
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