Elon Musk says Tesla will have to return 'a lot' of Cybertruck deposits
Elon Musk said the number of Cybertruck orders "far exceeds" Tesla's capacity to build them before the electric pickup is discontinued next year.
Tesla has decided to discontinue the Cybertruck in order to allocate resources towards its dedicated robotaxi. Elon Musk, CEO of Tesla, stated that the order backlog for the Cybertruck far exceeds what the company can currently build. As a result, Tesla will have to return a significant number of deposits made for the electric truck.
The Cybertruck has faced numerous challenges, including low sales, vandalism, and abuse by owners. Musk acknowledged that while the Cybertruck is not unprofitable, scaling its production for the Cybercab robotaxi is of higher priority. The company is targeting to produce as many Cybertrucks as possible before shutting down the line in approximately eight months.
Despite the cancellation, the Cybertruck maintains a dedicated fan base, but Musk remains focused on Tesla's future, emphasizing the importance of the Cybercab in transforming terrestrial transport.
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