Cybertruck orders far exceed pre-production capacity, Tesla (TSLA.US) to refund deposits to a large number of customers

According to Golden Ten Data APP, Tesla (TSLA.US) will refund Cybertruck deposits to a considerable number of customers, as the number of orders has exceeded the scale the company can fulfill before halting production next year.

"The rate of Cybertruck orders far exceeds our production speed," Tesla CEO Elon Musk wrote on the social platform X on Monday. "We will try to make as many as we can before shutting down the production line in about 8 months." He also refuted reports claiming that Tesla is ceasing production of this controversial electric pickup truck due to losses.

Last week, Musk announced that Tesla will stop manufacturing Cybertruck at its Texas factory around mid-2027 to free up production capacity for the Cybercab autonomous driving model.

Cybertruck sales are far below demand forecasts, and Tesla's current output is only a fraction of the factory’s capacity. The discontinuation of Cybertruck continues Tesla’s approach of cutting higher-priced, slower-selling models and refocusing on business lines such as artificial intelligence, robotics, and autonomous vehicles.