Tesla to Refund Cybertruck Deposits as Production Winds Down

Elon Musk announced that Tesla will refund deposits to many Cybertruck customers because current orders exceed the company's production capacity. The decision comes as Tesla winds down Cybertruck production at its Texas factory to prioritize the Cybercab robotaxi, a vehicle central to the company's autonomous-driving strategy.

Musk stated that Tesla will attempt to produce as many units as possible before the production line shuts down in approximately eight months, with the full wind-down scheduled for mid-2027. He noted, "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."

The shift follows a significant decline in Cybertruck performance. Sales in the United States fell 48 percent to 20,237 units last year, missing Musk's previous projection of 250,000 annual sales.