Tesla will refund deposits to many Cybertruck customers as the electric vehicle maker prepares to end production of the pickup at its Texas factory by mid-2027.
Chief Executive Elon Musk said on Monday that outstanding orders exceed the company’s production capacity, making it impossible to fulfil all reservations before the assembly line closes.
In a post on X, Musk said Tesla would maximise production over the next eight months but would have to return deposits to some customers.
The production shutdown is part of Tesla’s plan to redirect manufacturing resources towards its Cybercab robotaxi, a two-seat autonomous vehicle central to the company’s self-driving ambitions.
Tesla began delivering the Cybertruck in late 2023, but sales have fallen short of initial expectations. US sales dropped 48% to 20,237 units in 2025, according to Kelley Blue Book, compared with Musk’s earlier projection of 250,000 annual sales.
Tesla has not disclosed how many customers will receive refunds or the total value of deposits involved.
Leave a comment