Tesla’s Cybertruck has been canceled after less than three years of production, with Elon Musk citing the need to prioritize other projects. According to information from GoodCarBadCar, only 63,369 Cybertrucks have been sold in total through September, despite Musk’s initial goal of building a quarter-million per year.
Musk says Tesla will have to refund Cybertruck deposits for “a lot” of customers as the number of orders far exceeds production capacity. On his social media site X, he wrote, “We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people.”
Tesla will add an extra production shift to fulfill outstanding Cybertruck orders before dismantling the production line when production ceases in mid-2027. Musk asserted that the truck isn’t being canceled because it’s unprofitable, but rather because the value of incremental Cybercab production outweighs the “opportunity cost of the complexity of Cybertruck.”
Musk also stated that Tesla needs the capacity and resources for mass production of the Austin, Texas-based automaker’s Cybercab robotaxi, indicating a shift toward autonomous taxis and AI-driven projects.
