Tesla CEO Elon Musk Cites High Cybertruck Demand Ahead of Halt
By Natalie Weger
Tesla Chief Executive Elon Musk said the Cybertruck order rate far exceeds the production rate, following his decision last week to wind down production of the vehicle.
Musk said in a post on X early Monday that the company will refund Cybertruck deposits for a lot of people and try to make as many Cybertrucks as possible before shutting down the line in about eight months. Musk said that the Cybertruck is not unprofitable, adding that he sees higher opportunity cost in Tesla's Cybercab.
The development came after Musk on Friday said the company plans to wind down production of the Cybertruck at its Texas gigafactory next year.
The stainless-steel pickup has faced weak demand, with 1,914 Cybertrucks registered in the U.S. in October, according to data from Motor Intelligence.
The company also said Monday that its Robotaxi service would launch in San Antonio this week.
Shares increased 5.9% to $379.64.
Write to Natalie Weger at natalie.weger@wsj.com.
(END) Dow Jones Newswires
November 09, 2026 11:44 ET (16:44 GMT)
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