Tesla's Cybertruck Production to Halt Next Year; Musk Pledges Refunds to Reservation Holders

According to Elon Musk on November 9, Tesla will cease Cybertruck production in approximately eight months and will issue refunds to a significant number of customers holding reservations that cannot be fulfilled. Musk stated on X that the backlog of orders "vastly exceeds" Tesla's production capacity before the shutdown, adding that maintaining Cybertruck production creates excessive opportunity costs compared to scaling Cybercab autonomous taxi production.
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