Tesla to refund Cybertruck deposits as production nears end Proactive Mon, November 9, 2026 at 9:46 AM EST 1 min read TSLA +6.02% Trade Tesla on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Tesla Inc (NASDAQ:TSLA) will refund deposits to a significant number of Cybertruck reservation holders because it will be unable to fulfil all outstanding orders before production ends.
Chief executive Elon Musk said the electric vehicle maker would "try to make as many as possible" before shutting down the Cybertruck production line in about eight months.
Musk said the company would "have to return deposits for a lot of people" because demand exceeds the number of vehicles Tesla expects to build before production ceases.
The comments came after Tesla announced plans to wind down Cybertruck manufacturing and redirect resources towards its Cybercab robotaxi programme, which forms a central part of the company's autonomous vehicle strategy.
Tesla has not disclosed how many customers could be affected by the refunds or how it will determine which reservation holders receive vehicles before production ends.
The Cybertruck entered production in late 2023 after several delays following its original unveiling in 2019.
The vehicle was intended to establish Tesla in the lucrative pickup truck market, which is dominated by established models from Ford, General Motors and other manufacturers.
Recent sales figures have fallen short of Elon Musk's earlier projections that annual Cybertruck deliveries could eventually reach 250,000 vehicles.
Tesla reported US Cybertruck sales of 20,237 vehicles in 2025, according to industry data cited by Reuters.
Musk rejected suggestions that the decision to end Cybertruck production reflects concerns about profitability and said the move was driven by the company's decision to prioritise Cybercab output.
The announcement marks an abrupt shift for a vehicle that was once presented as a major growth driver for Tesla and had attracted a substantial reservation backlog before deliveries began.
