Tesla to Refund Cybertruck Deposits as Production Ends in Eight Months
Tesla CEO Elon Musk announced on Monday that the company will have to refund deposits to “a lot of people” who ordered the Cybertruck electric pickup. Tesla is preparing to shut down the Cybertruck production line at Gigafactory Texas in approximately eight months, around mid-2027.
In a post on X, Musk said Cybertruck demand far exceeds Tesla’s current production capacity of roughly 30,000 vehicles per year—well below the factory’s theoretical capacity of more than 125,000. With the production line set to close, Tesla will be unable to fulfill all outstanding orders.
- Each customer deposit is $1,000.
- Current order windows list delivery dates as late as January to March 2027.
- The listed models are priced between $92,490 and $102,490.
Musk pushed back against reports that the Cybertruck is being discontinued because it is unprofitable. He said the “opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production.” Tesla plans to repurpose the Texas factory for mass production of its autonomous Cybercab robotaxi.
Industry estimates put total Cybertruck sales at around 71,000 units since the vehicle launched in November 2023—a far cry from the millions Musk once predicted.
Source: Forbes – Musk Says Tesla Will Refund Cybertruck Deposits