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Musk Reveals Tesla Will Refund Cybertruck Deposits As Production Nears 2027 Shutdown
Tesla is preparing to return Cybertruck deposits to many customers as it moves towards ending production of the electric pickup. CEO Elon Musk says the company will have to refund some buyers before shutting down the production line in mid-2027.
While disclosing the plan on Monday in an X post, Musk explained that the Cybertruck order rate is running well ahead of the number of vehicles the company can produce, adding that Tesla would build as many units as possible before the planned shutdown.
“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,” Musk said.
Musk did not disclose how many buyers would be affected or provide details about the refund process. However, his statement indicates that some customers who paid deposits may not receive a vehicle before production ends.
His comments followed media speculation that Tesla’s decision to discontinue the Cybertruck was linked to its failure to achieve the sales volumes originally anticipated for the futuristic electric pickup.
“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 said, insisting that the vehicle was not being discontinued because it was unprofitable.
Musk’s explanation points to Tesla’s plans to prioritise production of its steering-wheel-free Cybercab robotaxi over the Cybertruck. The company intends to use manufacturing capacity currently dedicated to the pickup to increase output of the autonomous vehicles.
Musk’s Monday response to an X post follows last week’s announcement that Tesla would stop producing the Cybertruck at its Texas factory by mid-2027 to “make room for increased Cybercab production,” referring to the company’s robotaxi line.
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