Musk Defends Ending Cybertruck Production, Promises Refunds

Factory space goes to the Cybercab

The argument is that Tesla can earn more by using the factory space and resources tied to the Cybertruck to build Cybercab robotaxis. Musk said last week that the company plans to use that space for more two-seater Cybercabs.

A far cry from the early forecasts

The first Cybertrucks reached customers in late 2023, when the truck looked like a possible breakthrough hit. Musk said reservations had swelled to 1 million and predicted annual sales of around 250,000.

Those reservations never became real sales. Tesla does not report Cybertruck sales separately, but industry experts estimate about 71,000 have been sold since deliveries began in November 2023.

Many of those purchases came from within Musk's own business network. SpaceX, now known as SpaceXSI, which Musk leads and in which he is the largest shareholder, bought $131 million worth of Cybertrucks from Tesla in 2025, according to its S-1 registration statement ahead of an IPO. Another Musk company, xAI, bought $430 million worth of Tesla Megapacks for its data centers before merging with SpaceX.

What to expect

Sales, which had lagged for months, could get a final lift now that the end of production is in sight. Even so, a scarcity bump is unlikely to bring demand anywhere near the projections made several years ago.