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The Straits Times. (2026, November 9). Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says. The Straits Times. https://www.straitstimes.com/world/united-states/tesla-to-refund-many-cybertruck-deposits-as-demand-exceeds-production-musk-says
The Straits Times. “Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says.” The Straits Times, 9 Nov. 2026, https://www.straitstimes.com/world/united-states/tesla-to-refund-many-cybertruck-deposits-as-demand-exceeds-production-musk-says.
The Straits Times. “Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says.” The Straits Times, November 9, 2026. https://www.straitstimes.com/world/united-states/tesla-to-refund-many-cybertruck-deposits-as-demand-exceeds-production-musk-says.
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Tesla will refund many Cybertruck deposits as demand exceeds production capacity, according to CEO Elon Musk. This decision follows last week's announcement that Tesla is winding down the pick-up truck’s production at its Texas factory by mid-2027. In a recent X post on November 9, Musk stated they would add an extra production shift but still need to return deposits for many customers due to the significant gap between orders and production capacity. US sales of the Cybertruck fell 48% to 20,237 units in 2025, far below Musk's earlier projections. The resources will be redirected towards developing the Cybercab robotaxi, a vehicle crucial for Tesla’s autonomous-driving ambitions.