DNYUZ
No Result
View All Result
DNYUZ
No Result
View All Result
DNYUZ
Home News

Elon Musk says Tesla will have to return ‘a lot’ of Cybertruck deposits

November 9, 2026
in News
Elon Musk says Tesla will have to return ‘a lot’ of Cybertruck deposits
A fleet of Tesla Cybertrucks sits outside the Starbase Build Site at SpaceX's South Texas testing facility on February 6, 2026.
Tesla is discontinuing the Cybertruck to free up resources for its dedicated robotaxi. Reginald Mathalone/NurPhoto via Getty Images
  • Elon Musk said said the order backlog for the Cybertruck “far exceeds” what Tesla can build.
  • The electric truck is being axed next year, and Musk said Tesla will have to return a lot of deposits.
  • The Cybertruck has had a bumpy ride, with sales collapsing and owners hit with vandalism and abuse.

Putting money down doesn’t guarantee you’ll get one of the last Cybertrucks to roll off the line.

Elon Musk said on Monday that the number of Cybertruck orders “far exceeds” Tesla’s capacity to build them before the electric pickup is discontinued next year.

“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 Tesla CEO wrote.

Musk added that the Cybertruck was not unprofitable, but said that scaling Tesla’s Cybercab robotaxi was more of a priority.

“The opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production,” he said.

Musk announced on Friday that Tesla would stop production of the Cybertruck, which debuted in 2023. It is unclear how many Cybertruck orders Tesla has outstanding, and the company still appears to be accepting orders on its website.

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.
This is not a case of Cybertruck being unprofitable, as has been misreported… https://t.co/rGmNKV3ILs

— Elon Musk (@elonmusk) November 9, 2026

The angular electric truck launched with high expectations — Musk predicted Tesla could sell 250,000 a year — but has flopped.

Tesla sold just 20,000 Cybertrucks in the US last year, and has sold around 16,000 so far in 2026. The pickup also became a target for anti-Musk protests and vandalism during the billionaire’s stint running DOGE.

The Cybertruck maintains a cult following among Tesla fans, who spent the weekend petitioning Musk on X to give the EV a stay of execution.

However, the billionaire pushed back, writing on Saturday that Tesla’s engineers can “only do so many things” and that the Cybercab was more important to the company’s future.

A bar chart shows annual Cybertruck sales declining from 2024 through Q3 of 2026

“If we have to maintain a complex production line, supply chain and allocate engineering for Cybertruck, we can’t use those people or factory space and machinery for scaling Cybercab, which is the vehicle that will PROFOUNDLY transform the world of terrestrial transport!” Musk wrote.

The Cybertruck’s cancellation is the latest signal that Tesla is moving away from conventional vehicles. The company also discontinued the Model S and X premium EVs earlier this year to free up factory space for its Optimus humanoid robot.

Read the original article on Business Insider

The post Elon Musk says Tesla will have to return ‘a lot’ of Cybertruck deposits appeared first on Business Insider.

Is Jensen Huang Too Powerful to Be Punished by Nvidia?
News

Is Jensen Huang Too Powerful to Be Punished by Nvidia?

by New York Times
November 9, 2026

Over the past four years, Jensen Huang has become the maestro of the artificial intelligence boom and its most essential ...

Read more
News

Too early to think about the 2028 Senate map? No!

November 9, 2026
News

Biden: What Trump Did on January 6 ‘Should Follow Him to His Grave’

November 9, 2026
News

Biden: What Trump Did on January 6 ‘Should Follow Him to His Grave’

November 9, 2026
News

This Winning Combination Is the Future of American Politics

November 9, 2026
Elon Musk says Tesla will have to return ‘a lot’ of Cybertruck deposits

Elon Musk says Tesla will have to return ‘a lot’ of Cybertruck deposits

November 9, 2026
There’s a New Roy Cohn in Town

There’s a New Roy Cohn in Town

November 9, 2026
Get ready for an even Trumpier Republican Congress

Get ready for an even Trumpier Republican Congress

November 9, 2026

DNYUZ © 2026

No Result
View All Result

DNYUZ © 2026