Elon Musk is killing the Tesla Cybertruck next year
The short version
- Elon Musk says order rates exceed production and deposits must be returned.
- The company is pivoting production focus toward the Cybercab instead.
Tesla is winding down Cybertruck production in about 8 months, according to Mashable. Tesla CEO Elon Musk insisted the steel-plated electric pickup is not being scrapped due to a lack of demand or unprofitability. Instead, Musk said the opportunity cost of the Cybertruck is outweighed by the value of incremental Cybercab production.
In a social media post on Monday, Musk wrote that the order rate far exceeds the production rate, adding that Tesla will have to return deposits for a lot of people. Tesla does not report precise Cybertruck sales numbers, lumping them into quarterly reports with other models.
In the third quarter of 2026, Tesla delivered 8,295 units in its other models category, which includes the Cybertruck, Model X, and Model S. Total deliveries for that category over the past four quarters reached 48,431. That figure falls well short of Musk's 2023 prediction that Tesla would sell 250,000 to 500,000 Cybertruck units annually. The company has also scrapped the Model S and Model X while ramping up Cybercab production.
About Elon Musk
American businessman (born 1971)
- Net worth
- $790 billion2026
- Age
- 55
From Wikipedia. Figures can be a year or two old.
Figures as reported by Mashable.
