Musk: Cybertruck to be discontinued after 8 months, production line to switch to Cybercab

Tesla CEO Elon Musk confirmed on November 9 that Cybertruck production will end in roughly eight months, with the Texas Gigafactory line and workforce redirected to the two-seat Cybercab robotaxi, and that many reservation holders will have deposits refunded. Musk said the decision reflects the opportunity cost of Cybertruck's complexity rather than losses on the vehicle, which began deliveries in late 2023 against reservations of about 1 million and an original target of 250,000 units a year but has accumulated estimated sales of only roughly 71,000 units, with output near 30,000 a year versus nameplate capacity above 125,000. SpaceX disclosed in its pre-IPO filing that it bought $131 million of Cybertrucks from Tesla in 2025. Musk did not specify the scope or process for refunds, and the report said his comments do not constitute formal refund guidance. Investors will watch whether Tesla converts the freed capacity into Cybercab volume ahead of the robotaxi rollout and how the refunds and any Cybertruck inventory discounts affect automotive gross margins.