Cybertruck orders far exceed production capacity before discontinuation, and Tesla (TSLA.US) will refund deposits to a large number of customers

The Zhitong Finance App learned that Tesla (TSLA.US) will refund Cybertruck deposits to a significant number of customers on the grounds that the order volume has exceeded the scale it can digest before production stops next year.

“Cybertruck's order growth rate far exceeds our production rate.” Tesla CEO Elon Musk wrote in a post on social networking platform X on Monday. “We will try to build more before shutting down the production line after about 8 months.” At the same time, he refuted reports that Tesla stopped production of this controversial electric pickup truck because of losses.

Musk announced last week that Tesla will stop manufacturing Cybertrucks at its Texas plant around mid-2027 to free up production capacity for Cybercab autonomous models.

Cybertruck sales are far below demand forecasts, and Tesla's current production is only a fraction of the plant's production capacity. The discontinuation of Cybertruck continues Tesla's approach of cutting more expensive and slower selling models, and refocusing the focus on business lines such as artificial intelligence, robotics, and autonomous vehicles.