Elon Musk confirmed on X (formerly Twitter) that Tesla will issue deposit refunds to “a lot of people” as it prepares to shut down the Cybertruck production line.
Key Details
- Timeline for Shutdown: Tesla plans to stop manufacturing the Cybertruck at Gigafactory Texas within about eight months (mid-2027).
- Reason for Refunds: Musk stated that the remaining order volume outpaces how many units Tesla can manufacture before the line closes. Unfulfilled order deposits will be refunded after assembly ceases.
- Shift to Cybercab: The assembly line space at the Texas plant is being reallocated to scale production for Tesla’s autonomous Cybercab line.
- Musk’s Pushback on Profitability: Responding to reports that the truck was being pulled due to poor margins, Musk argued that the opportunity cost of the Cybertruck’s manufacturing complexity is far outweighed by the long-term value of incremental Cybercab output.
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