Tesla to refund some Cybertruck deposits as demand exceeds production

First reported by CBS News 42 min agoLatest report 14 min ago2 sources

Summary of 2 reports

Elon Musk announced that Tesla will return some Cybertruck deposits, citing order rates that far exceed the company's production capacity. According to one report, Tesla plans to halt Cybertruck production in approximately eight months, though details about the refund policy specifics are not fully detailed in the provided reports.

Generated by AI using only the headlines and excerpts below. Read the original reporting for full details.

Read at Digital Trends

Full coverage

Every report we found on this story, oldest first. Each links to the original publisher.

CBS News14:0742 min ago
Elon Musk says Tesla will return some Cybertruck deposits (opens CBS News in a new tab)
Musk said Monday that the Cybertruck order rate "far exceeds" Tesla's production pace.
Digital Trends14:3514 min ago
Musk promises refunds for Cybertruck deposits as Tesla puts short-lived electric trucks on cold ice (opens Digital Trends in a new tab)
Tesla is going to stop making the Cybertruck, and Elon Musk has a rather unusual explanation for the decision. The electric pickup apparently has more customers waiting to buy it than Tesla can keep up with, but the company is still planning to shut down its…