Tesla to refund Cybertruck deposits to many customers, Musk says

Tesla says it will refund deposits to many Cybertruck customers who cannot receive their vehicles before production winds down, Elon Musk has said. He expects the Texas production line to close in about eight months as the company shifts capacity to its Cybercab robotaxi.

Musk said on X that orders for the electric pick-up were coming in faster than Tesla could produce it. “We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people,” he wrote.

Tesla had previously said it would wind down Cybertruck production at its Texas factory by mid-2027 to make room for more Cybercab production. The change is part of a broader shift in focus towards the self-driving taxi. Tesla’s production plans were reported last week.

Musk disputed claims that the Cybertruck was being discontinued because it was unprofitable. He said the decision reflected the opportunity cost of making the truck rather than increasing Cybercab output.