Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says
TSLA•Tesla will refund deposits for many Cybertruck customers because orders exceed production capacity, CEO Elon Musk said. The production line is slated to wind down in mid-2027, and U.S. Cybertruck sales fell 48% to 20,237 units last year.
1. Deposits and production
Tesla will have to refund Cybertruck deposits for many customers because orders far exceed production capacity, CEO Elon Musk said. The company will try to build as many trucks as possible before shutting down the line in about eight months, Musk said in a post on X.
2. Shift to Cybercab
Musk previously said Tesla would add an extra production shift to fulfill outstanding Cybertruck orders before dismantling the line next year to expand Cybercab output. The production wind down is slated for mid-2027, with resources redirected to the robotaxi.
3. Sales below expectations
Tesla began delivering the Cybertruck in late 2023, but demand has fallen far short of Musk’s expectations. U.S. sales fell 48% to 20,237 units last year, below his earlier projection of annual sales reaching 250,000 vehicles.
