Musk says Tesla will refund some Cybertruck deposits, defends decision to end production

Tesla CEO Elon Musk is defending the Cybertruck and the company’s determination to stop producing the polarizing steel-clad truck, claiming that the bid complaint acold exceeds its production.

Tesla volition unopen down accumulation of the Cybertruck successful astir 8 months Musk said successful an X post connected Monday. He besides said the institution volition effort to marque arsenic galore of the vehicles arsenic imaginable earlier then, though Tesla volition “have to instrumentality deposits for a batch of people.”

Musk argued the Cybertruck was not unprofitable, and that Tesla was ending accumulation due to the fact that the “opportunity outgo of the complexity of Cybertruck is vastly outweighed by the worth of incremental Cybercab production.”

In different words, Musk is arguing that Tesla tin marque much wealth by utilizing the mill abstraction and resources dedicated to the Cybertruck for gathering Cybercab robotaxis. Musk said past week that Tesla plans to usage the mill abstraction to physique much two-seater Cybercabs.

The archetypal Cybertrucks were delivered to customers successful precocious 2023, erstwhile it seemed similar it could beryllium a breakthrough deed for the company. Reservations for the conveyance had ballooned to 1 million, according to Musk, who besides predicted that the institution would merchantability astir 250,000 of the trucks annually.

But those reservations ne'er translated into existent sales. Tesla doesn’t interruption retired income of the Cybertrucks, but manufacture experts estimation a full of astir 71,000 Cybertrucks person been sold since the archetypal deliveries began successful November 2023.

Many of those income came from wrong Musk’s ecosystem of different businesses. For instance, SpaceX (now known arsenic SpaceXSI), which helium besides leads and is the largest shareholder of, purchased $131 cardinal worthy of Cybertrucks from Tesla successful 2025, according to the company’s S-1 registration connection up of its IPO. Another Musk company, xAI, besides bought $430 cardinal worthy of Tesla Megapacks for its information centers, earlier it merged with SpaceX.

But income of the Cybertruck, which lagged for months, could spot a last bump present that it’s going retired of production. Still, adjacent a scarcity boost is improbable to propulsion the truck’s request to the lofty projections from respective years ago.