Tesla to Refund Some Cybertruck Deposits as Production Ends, Musk Says

WHO:

CBS News - Elon Musk, Tesla’s CEO, announced that Tesla will return deposits to some Cybertruck customers.

CBS News - Dan Ives, senior managing director of Yorkville Ives & Co., said the Cybertruck’s high price and low demand made the production decision foreseeable.

TechCrunch - Elon Musk defended Tesla’s decision to stop making the Cybertruck.

Mashable - Elon Musk said the decision to scrap the Cybertruck was not due to a lack of demand.

WHAT:

CBS News - Musk said the Cybertruck order rate “far exceeds” Tesla’s production rate, and that Tesla would have to return deposits “for a lot of people.”

CBS News - Musk said Tesla would try to make as many Cybertrucks as possible before shutting down the production line.

TechCrunch - Tesla will stop making the Cybertruck in around eight months.

CBS News - Musk disputed claims that Tesla was ending Cybertruck production because the vehicle was unprofitable.

CBS News - Musk said the “opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production.”

CBS News - Tesla launched the Cybertruck at a starting price of $69,000.

CBS News - Musk described the Cybertruck as a vehicle for which “[t]here will never be another” like it.

WHERE:

CBS News - Tesla’s Cybertruck production is at the company’s Texas factory.

CBS News - Tesla plans to make room for increased Cybercab production.

WHEN:

CBS News - Musk said Tesla would try to keep the production line operating for about 8 months before shutting it down.

TechCrunch - The Cybertruck will go out of production in around 8 months.

CBS News - Musk said in a Saturday post that Cybertruck production would continue for another eight to nine months before Tesla shifted focus to scaling the Cybercab.

CBS News - Tesla had announced plans to stop Cybertruck production by mid-2027.

WHY:

CBS News - Tesla plans to stop Cybertruck production to “make room for increased Cybercab production,” its robotaxi line.

CBS News - Ives said the Cybertruck’s high price and low demand contributed to the production decision.

CBS News - Ives said ending production would free Musk to focus on robotics and robotaxis.

HOW:

CBS News - Musk announced the deposit refunds and production plans in social media posts.

(UPDATED November 9, 2026 14:58 UTC)

Tesla will end Cybertruck production in about eight months, making room for Cybercabs. Elon Musk says Cybertruck orders exceed production, but Tesla will refund some deposits. He disputes weak demand drove the decision, while analysts cite high prices and low sales.