Elon Musk Warns Tesla May Have to Refund Cybertruck Deposits as Production Winds Down Tesla Whitney Danhauer Wed, November 11, 2026 at 10:45 AM EST 2 min read TSLA +3.28% 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.
Some Tesla customers hoping to get a new cybertruck are going to be disappointed.
CEO Elon Musk says Tesla is winding down production of the popular car at its Texas factory next year and there won't be enough for everyone.
He insists the reason is because the company needs the plant to make Cybercabs instead.
He wrote on X: "The Cybertruck order rate far exceeds our production rate. 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 insisted: "This is not a case of Cybertruck being unprofitable, as has been misreported by legacy media, but rather that the opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production."
Musk did not clarify if the closure of the Texas factory meant the end of the cybertruck as a product.
But as per the BBC, Tesla lead engineer, Wes Morrill, also appeared to suggest the vehicle was being discontinued, writing on X: "Cybertruck was an incredible technology development platform and lives on through Cybercab."
The Tesla Cybercab is an electric and driverless robotaxi which the company will now focus its efforts on in the future in terms of production.
Cybertruck had diehard fans but suffered delays in production before its 2023 release and now has declining sales figures. Prices start from $92,490.
As per The Sun, Tesla sales for the third quarter of 2026 reached 8,000 including Cybertrucks.
In 2025, Tesla sold 20,237 Cybertrucks, data from Kelley Blue Book showed.
Last year's sales showed a decrease in sales from the 38,965 sold in 2024.
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