Musk says Tesla will refund many Cybertruck deposits as production winds down

Tesla will have to refund deposits to many Cybertruck customers because orders exceed the number of vehicles it can produce before the pickup's production line closes next year, chief executive Elon Musk said on Monday.

Tesla will have to refund deposits to many Cybertruck customers because orders exceed the number of vehicles it can produce before the pickup’s production line closes next year, chief executive Elon Musk said on Monday.

“We will try to make as many as possible before shutting down the line in about eight months, but will have to return deposits for a lot of people,” Musk wrote in a post on X.

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The comments followed Tesla’s announcement last week that it would wind down Cybertruck production at its Gigafactory Texas facility around the middle of 2027, making room for increased production of its Cybercab robotaxi.

Musk said on Saturday that Tesla would add an extra production shift to fulfil outstanding Cybertruck orders before dismantling the production line.

In his latest post, Musk said the Cybertruck was not being discontinued because it was unprofitable. He argued that the complexity of producing the pickup made expanding Cybercab output a more valuable use of the factory’s resources.

The Cybercab, a two-seat autonomous vehicle, is central to Tesla’s plans to expand its self-driving vehicle business.

Tesla began delivering the Cybertruck in late 2023, but sales have fallen well short of Musk’s earlier expectations.

US sales of the electric pickup fell 48 percent to 20,237 vehicles in 2025, according to Kelley Blue Book, far below Musk’s earlier projection that annual sales could reach 250,000.