Musk says Tesla will refund some Cybertruck deposits and defends ending production
Elon Musk defended Tesla's decision to stop producing the Cybertruck, which will go out of production in about eight months, he said in a post on X. He said the company will try to build as many units as possible before then, though Tesla will have to return deposits to many people. Musk argued the truck was not unprofitable and that ending production is due to the opportunity cost versus the Cybercab.
In 40 seconds
- Musk announced on X that the Cybertruck will go out of production in about eight months
- Tesla will try to build as many units as possible before the shutdown and will return deposits to many customers
- Musk said the truck was not unprofitable and that factory space and resources will go to the Cybercab
Read the full story at TechCrunch
IASummary generated by artificial intelligence from a story by TechCrunch. It may contain errors: the original source prevails.
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