Elon Musk delivers bad news to waiting Cybertruck buyers Faizan Farooque Mon, November 9, 2026 at 11:41 AM EST 1 min read TSLA +5.28% 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. (TSLA, Financials) said it intends to refund deposits for many Cybertruck buyers as the electric car company seeks to halt manufacturing of the pickup and ramp up production of its Cybercab robotaxi.
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CEO Elon Musk stated that Tesla will strive to fulfilll as many outstanding orders for the Cybertruck as possible before stopping manufacturing in around eight months.However, he said some buyers won't get their automobiles and would have their deposits refunded.By mid-2027, Tesla wants to halt Cybertruck production at its Texas facility so it may increase production of the Cybercab."This isn't about making money on Cybertrucks," Musk stated. "There is more potential value in expanding Cybercab production than in continuing to build the complex pickup," he said.Since deliveries started late in 2023, the Cybertruck has struggled to reach previous sales estimates.According to Kelley Blue Book figures referenced in the article, sales in the U.S. fell 48% to 20,237 vehicles in 2025, considerably below Musk's original forecast of 250,000 yearly deliveries.Tesla has not provided figures on the number of pending orders or the total value of refunds expected.This move has pushed Tesla's production priority more toward autonomous mobility.Next catalyst will be Tesla's progress toward Cybercab manufacturing objectives and ultimate timeline for delivering remaining Cybertruck orders.
