Tesla Plans Cybertruck Production Wind-Down, Will Refund Many Deposits
CEO Elon Musk said Tesla plans to discontinue Cybertruck production in about eight months to expand Cybercab manufacturing. He said the company would refund deposits to many customers.
Tesla (TSLA) CEO Elon Musk said on Monday that the company would refund deposits to many Cybertruck customers as it prepares to discontinue production of the electric pickup in about eight months to expand Cybercab manufacturing.“The Cybertruck order rate far exceeds our production rate. We will tr…