Tesla CEO Elon Musk said the company will refund deposits to many Cybertruck customers because orders exceed its production capacity ahead of a planned production shutdown next year. According to Sina Finance, Musk posted on X on Monday that Cybertruck orders are growing far faster than the company’s capacity and that Tesla will produce as many as possible before shutting down the production line in about eight months. He also disputed reports that Tesla is ending production of the controversial electric pickup because it is unprofitable.
