Tesla plans to stop making the Cybertruck in about eight months. Elon Musk, the company's CEO, said so in a post on X on Monday. He also said Tesla will try to build as many as it can before then, but will "have to return deposits for a lot of people."
Why Tesla is doing it
Musk says the truck is not losing money. His argument is about better use of space. He wrote that the "opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production." In plain terms, Tesla expects to earn more by using that factory space for something else.
That something else is the Cybercab, a two-seater robotaxi, which is a taxi designed to drive itself. Musk said last week that Tesla plans to use the freed-up space to build more of them.
How the hype fell short
The first Cybertrucks reached customers in late 2023. At the time, Musk said reservations had grown to 1 million and predicted Tesla would sell around 250,000 trucks a year.
Those reservations never turned into sales at that scale. Tesla does not report Cybertruck sales separately. Industry experts estimate about 71,000 have been sold since deliveries began in November 2023.
Some of those sales came from inside Musk's own circle of companies. SpaceX, which he also leads and is the largest shareholder of, bought $131 million worth of Cybertrucks from Tesla in 2025, according to its filing ahead of a public stock offering.
What it means for buyers
- If you have a Cybertruck deposit, expect a refund rather than a truck.
- Sales may get a final bump as the end of production nears.
- Even so, a rush for the last trucks is unlikely to match the early projections.
What is not known yet
Musk did not say, in the material available, how many deposits will be returned or who will be chosen to get a truck. Nothing is said about when refunds will arrive. Tesla has also not said how the decision affects people who already own a Cybertruck.
The takeawayIf you put a deposit down on a Cybertruck, plan on getting your money back rather than a truck, and watch for word from Tesla.