Technologist Mag
  • Home
  • Tech News
  • AI
  • Apps
  • Gadgets
  • Gaming
  • Guides
  • Laptops
  • Mobiles
  • Wearables
  • More
    • Web Stories
    • Trending
    • Press Release

Subscribe to Updates

Get the latest tech news and updates directly to your inbox.

What's On
Jensen Huang Hired a PR Firm Known for Handling Sex Scandals Last Year

Jensen Huang Hired a PR Firm Known for Handling Sex Scandals Last Year

9 November 2026
Musk promises refunds for Cybertruck deposits as Tesla puts short-lived electric trucks on cold ice

Musk promises refunds for Cybertruck deposits as Tesla puts short-lived electric trucks on cold ice

9 November 2026
The Midterms Were a Pretty Good Sign for the Right-to-Repair Movement

The Midterms Were a Pretty Good Sign for the Right-to-Repair Movement

9 November 2026
Meta is using AI to catch teens lying about their age on Instagram

Meta is using AI to catch teens lying about their age on Instagram

9 November 2026
Review: King Arthur Baking Sourdough Sidekick

Review: King Arthur Baking Sourdough Sidekick

9 November 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Technologist Mag
SUBSCRIBE
  • Home
  • Tech News
  • AI
  • Apps
  • Gadgets
  • Gaming
  • Guides
  • Laptops
  • Mobiles
  • Wearables
  • More
    • Web Stories
    • Trending
    • Press Release
Technologist Mag
Home » Musk promises refunds for Cybertruck deposits as Tesla puts short-lived electric trucks on cold ice
Tech News

Musk promises refunds for Cybertruck deposits as Tesla puts short-lived electric trucks on cold ice

By technologistmag.com9 November 20263 Mins Read
Musk promises refunds for Cybertruck deposits as Tesla puts short-lived electric trucks on cold ice
Share
Facebook Twitter Reddit Telegram Pinterest Email

Tesla is going to stop making the Cybertruck, and Elon Musk has a rather unusual explanation for the decision. The electric pickup apparently has more customers waiting to buy it than Tesla can keep up with, but the company is still planning to shut down its production line in about eight months. And a lot of people who have already placed deposits won’t even get their trucks.

In a post on X, Musk says the Cybertruck’s order rate far exceeds its production rate, and Tesla will try to manufacture as many as possible before calling it quits. The company will also have to return deposits to many customers, although Musk hasn’t revealed exactly how many orders are still pending. The Cybertruck only started reaching customers in late 2023, making its rather early retirement all the more surprising.

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

So, why is Tesla shutting it down?

According to Musk, the decision has nothing to do with the Cybertruck being unprofitable. The problem, apparently, is that the truck is too complicated to manufacture, and Tesla believes the same resources could be put to much better use elsewhere.

And that elsewhere is the Cybercab, Tesla’s autonomous robotaxi, which the company is now trying to manufacture in much larger numbers. Musk says the value of producing additional Cybercabs far outweighs the cost of continuing to build the Cybertruck.

Then we have the Texas factory, where Tesla reportedly plans to dismantle the Cybertruck production line around mid-2027 to make room for more Cybercabs. According to Reuters, the company will even add another production shift to finish more outstanding truck orders before then.

The sales numbers tell another story

Musk’s claims about massive demand are interesting, especially considering how poorly the Cybertruck has performed in the market. According to Kelley Blue Book, Tesla sold just 20,237 Cybertrucks in the US during 2025, a 48% decline from the previous year. And things haven’t improved much in 2026, with Cox Automotive estimating 11,586 sales through September, another 28% drop. Musk, at one point, had projected annual sales of around 250,000 vehicles.

Tesla hasn’t disclosed its current reservation backlog, so there’s no way to independently verify how many people are actually waiting for a Cybertruck. Interestingly, Ford has also discontinued the battery-electric F-150 Lightning, although an extended-range electric replacement with an onboard gasoline generator is planned. It seems the market for electric pickups isn’t turning out quite as automakers expected. For the Cybertruck, however, the decision has apparently been made. Tesla would rather build robotaxis.

Share. Facebook Twitter Pinterest LinkedIn Telegram Reddit Email
Previous ArticleThe Midterms Were a Pretty Good Sign for the Right-to-Repair Movement
Next Article Jensen Huang Hired a PR Firm Known for Handling Sex Scandals Last Year

Related Articles

Jensen Huang Hired a PR Firm Known for Handling Sex Scandals Last Year

Jensen Huang Hired a PR Firm Known for Handling Sex Scandals Last Year

9 November 2026
The Midterms Were a Pretty Good Sign for the Right-to-Repair Movement

The Midterms Were a Pretty Good Sign for the Right-to-Repair Movement

9 November 2026
Meta is using AI to catch teens lying about their age on Instagram

Meta is using AI to catch teens lying about their age on Instagram

9 November 2026
Review: King Arthur Baking Sourdough Sidekick

Review: King Arthur Baking Sourdough Sidekick

9 November 2026
Scientists turn to game theory in their search for alien life

Scientists turn to game theory in their search for alien life

9 November 2026
New Hulu Doc ‘Get Huge’ Shows the Deadly Toll of Looksmaxxing

New Hulu Doc ‘Get Huge’ Shows the Deadly Toll of Looksmaxxing

9 November 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest tech news and updates directly to your inbox.

Don't Miss
Musk promises refunds for Cybertruck deposits as Tesla puts short-lived electric trucks on cold ice

Musk promises refunds for Cybertruck deposits as Tesla puts short-lived electric trucks on cold ice

By technologistmag.com9 November 2026

Tesla is going to stop making the Cybertruck, and Elon Musk has a rather unusual…

The Midterms Were a Pretty Good Sign for the Right-to-Repair Movement

The Midterms Were a Pretty Good Sign for the Right-to-Repair Movement

9 November 2026
Meta is using AI to catch teens lying about their age on Instagram

Meta is using AI to catch teens lying about their age on Instagram

9 November 2026
Review: King Arthur Baking Sourdough Sidekick

Review: King Arthur Baking Sourdough Sidekick

9 November 2026
Scientists turn to game theory in their search for alien life

Scientists turn to game theory in their search for alien life

9 November 2026
Technologist Mag
Facebook X (Twitter) Instagram Pinterest
  • Privacy
  • Terms
  • Advertise
  • Contact
© 2026 Technologist Mag. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.