Musk says Tesla will return many Cybertruck deposits

Reuters and TechCrunch reported an X post on Nov. 9 in which Elon Musk said Tesla will try to build as many Cybertrucks as possible before shutting the line down in about eight months, but will have to return deposits for a lot of people because the order rate far exceeds production. TechCrunch also reported that Musk said the truck was not unprofitable and that the opportunity cost of its complexity is vastly outweighed by the value of incremental Cybercab production. The X post was not opened, Tesla has not stated how many deposits or what dollar amount will be returned, and the post is distinct from the Nov. 6 production wind-down and the Nov. 7 extra-shift remarks.