Tesla to Halt Cybertruck Production Amid Slower Sales and Late Surge
Tesla plans to halt Cybertruck production in eight months after sales fell below targets, though Elon Musk reports a sudden surge in late orders.
Tesla CEO Elon Musk has announced plans to halt production of the Cybertruck within approximately eight months, citing a sudden surge in demand following the announcement. Despite initial projections of over 200,000 units annually, actual sales have fallen significantly short, with fewer than 15,000 vehicles sold this year.
Writing on X, formerly Twitter, Musk stated that incoming orders now exceed the company's manufacturing capacity. "We will try to build as many vehicles as possible before closing the production lines in about eight months and will have to refund deposits to many people," Musk noted, while maintaining that the Cybertruck project was not financially unprofitable for Tesla.
Ahead of the production shutdown, Tesla recently increased Cybertruck prices by 10 percent. Meanwhile, the automaker has confirmed it will issue full refunds of deposits to customers who placed orders in certain international markets, such as Australia, for delivery through 2026.
