By ANI | Updated: November 9, 2026 13:51 IST 2026-11-09T19:15:04+5:30 2026-11-09T13:51:18+5:30
New Delhi: Tesla CEO Elon Musk has strongly denied claims that the Cybertruck is unprofitable, stating that demand for the futuristic vehicle continues to outstrip production capacity. Despite this, Musk announced plans to halt Cybertruck production in approximately eight months to prioritize the manufacturing of the Cybercab.
Responding to social media speculation, Musk clarified that the decision is not due to Cybertruck's unprofitability, as 'legacy media' has 'misreported'. Instead, he emphasized that the 'opportunity cost' of Cybertruck's complexity is significantly outweighed by the value of increased Cybercab production. He confirmed that many customers who have placed deposits for Cybertrucks might have their money returned as the production line winds down.
Tesla first unveiled the Cybertruck, an all-electric pickup with a distinctive stainless-steel exterior, in November 2019, with deliveries beginning four years later. While it generated significant buzz, its mass-market appeal has been a challenge. The Cybercab, a two-seater autonomous electric vehicle designed for Tesla's planned robotaxi network, was unveiled in October 2024. This vehicle, operating without a steering wheel or pedals, is central to Musk's vision for a fully autonomous transportation system, marking a strategic shift for the company.
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