Musk says Tesla will refund some Cybertruck deposits, defends decision to end production
Tesla plans to halt production of the Cybertruck in about eight months, redirecting factory capacity and resources to scale manufacturing of its two-seater Cybercab robotaxi. Addressing the decision on X, CEO Elon Musk maintained that the pickup was not unprofitable, arguing instead that the opportunity cost of the Cybertruck's complexity is vastly outweighed by the value of building more Cybercabs. Tesla aims to complete as many trucks as possible before ending production, though Musk confirmed the company will have to refund customer deposits to a large number of reservation holders.
The shutdown marks an early end for the polarizing steel-clad vehicle, which first reached customers in November 2023. While Musk initially reported one million reservations and projected annual sales of roughly 250,000 units, commercial demand failed to match those forecasts. Tesla does not report individual model figures, but industry analysts estimate that approximately 71,000 Cybertrucks have been sold since deliveries began.
A significant portion of those sales came from within Musk's own business network. SpaceX (SpaceXSI) purchased $131 million worth of Cybertrucks in 2025 ahead of its planned IPO. Although the discontinuation announcement may generate a modest final bump in orders from buyers seeking scarce inventory, the vehicle will soon exit production as Tesla concentrates its resources on autonomous driving.
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