Musk says Tesla may refund Cybertruck deposits as production ends
Tesla plans to stop making the Cybertruck in about eight months, Elon Musk said Monday, while arguing that demand still exceeds the company’s production rate. He said Tesla would build as many as it could before then, but would have to return deposits to many reservation holders.
Musk said the truck was not unprofitable. He argued that the resources needed to make it would be more valuable producing additional Cybercab robotaxis, and last week said Tesla planned to use the factory space for more two-seat Cybercabs.
The first Cybertrucks reached customers in late 2023. Musk said reservations had climbed to 1 million and predicted annual sales of about 250,000, but reservations did not translate into comparable sales. Tesla does not report Cybertruck sales separately; industry experts estimate about 71,000 have been sold since deliveries began in November 2023.
Some purchases came from companies linked to Musk. SpaceX, which he leads and is its largest shareholder, bought $131 million worth of Cybertrucks from Tesla in 2025, according to Tesla’s S-1 registration statement filed ahead of SpaceX’s IPO. xAI also bought $430 million worth of Tesla Megapacks for its data centers before merging with SpaceX.
Sales have lagged for months, though the planned end of production could prompt a final increase. The article says a scarcity-driven bump is unlikely to bring demand close to the projections Musk made several years ago.
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