Austin:Tesla plans to refund deposits to numerous Cybertruck customers as it cannot complete all outstanding orders before ending production of the electric pickup, CEO Elon Musk announced.

According to Anadolu Agency, Musk stated on his social media platform X that the rate of Cybertruck orders exceeded Tesla's current production capabilities. The company aims to manufacture as many vehicles as possible over the next eight months but will need to return deposits to many customers.

Musk did not specify the number of Cybertrucks on order, the exact number of refunds, or the criteria for determining which orders to fulfill. He denied that the decision to end production was due to the vehicle being unprofitable, citing the manufacturing complexity of the Cybertruck and the strategic shift towards producing more Cybercabs as reasons for the transition.

Tesla began delivering the Cybertruck in late 2023, four years after its unveiling. US sales, however, fell significantly, with a 48% drop from 38,965 units in 2024 to 20,237 in 2025, as estimated by Kelley Blue Book. These figures fell short of Musk's projection of selling 250,000 units annually.

The company is set to redirect factory space, workers, and equipment towards the production of the Cybercab, a two-seat robotaxi, at its Gigafactory in Texas. The shift is aligned with Tesla's strategy to expand production through autonomous technology and new products, as indicated in its latest quarterly filing.