Tesla will stop producing the Cybertruck in about eight months, CEO Elon Musk announced on X on Monday. The company will refund deposits for customers who cannot receive vehicles before production ends.
Musk defended the decision by arguing the truck was not unprofitable. He said the "opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental Cybercab production." Tesla plans to use the factory space to build more two-seater Cybercabs instead.
The Cybertruck launched in late 2023 with 1 million reservations. Musk had predicted annual sales of around 250,000 trucks. Industry experts estimate about 71,000 Cybertrucks have sold since November 2023.
Sales fell short partly because many vehicles went to Musk's other companies. SpaceX purchased $131 million worth of Cybertrucks from Tesla in 2025, according to SpaceX's S-1 registration statement. xAI also bought $430 million worth of Tesla Megapacks for its data centers before merging with SpaceX.
Musk said Tesla will try to produce as many Cybertrucks as possible before shutting down the line.