Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says

INTERNATIONAL BUREAU —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 winding down the pickup ​truck's production at its Texas factory. "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/rGmNKV3ILs — Elon Musk (@elonmusk) November 9, 2026 Read More: Tesla to pull the plug on Cybertruck after years of poor sales The comments come after Musk said ​Tesla 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. The production wind down is 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, according to Kelley Blue Book, well below ⁠Musk's ​earlier projection that annual ​Cybertruck sales could reach 250,000 vehicles.