Tesla (TSLA) shares rose 4.23% on Monday after CEO Elon Musk said the company plans to end Cybertruck production in roughly eight months. Musk said Tesla will build as many vehicles as possible before shutting down the production line, but many customers awaiting orders will not receive a truck and will have their deposits refunded.

The announcement was made in a post on X. Musk wrote that the Cybertruck’s order rate "far exceeds our production rate" and said Tesla would try to produce as many vehicles as possible before closing the line. He added that the company would have to return deposits to "a lot of people."

The Cybertruck order rate far exceeds our production rate. We will try to make as many as possible before shutting down the line in about 8 months, but will have to return deposits for a lot of people. This is not a case of Cybertruck being unprofitable, as has been misreported… — Elon Musk (@elonmusk) November 9, 2026

Musk’s post on X remains the primary source for the eight-month timeline. The post is also available at https://x.com/elonmusk/status/2119691615774146614?ref_src=twsrc%5Etfw.

Musk said the decision was not driven by a lack of demand or by the Cybertruck being unprofitable. Instead, he pointed to the difficulty and complexity of manufacturing the vehicle. Tesla, he said, could use the freed production capacity more effectively to build Cybercab units.

The Cybercab is Tesla’s self-driving taxi, and the shift is consistent with the company’s broader focus on autonomous technology. Musk recently said Tesla would wind down Cybertruck work at its Texas factory so that the space could support additional Cybercab production.

For the customers still holding reservations, the announcement closes a wait that began in November 2019, when Tesla started taking $100 refundable deposits after the truck’s fractured-window debut. Because orders have continued to outpace output, some of those reservation holders have been in line for years and will now exit through refunds rather than deliveries.

Cybertruck Production Fell Short of Early Targets

The Cybertruck debuted in 2019, when a window shattered during a live demonstration — the first all-new passenger vehicle Tesla had launched since the Model Y in 2020. Deliveries did not begin until late 2023, by which point electric pickups such as the Rivian R1T, Ford F-150 Lightning and GMC Hummer EV had already been on the market for roughly two years. The vehicle subsequently faced criticism related to its high price, repeated recalls and unconventional design.

According to Cox Automotive, Cybertruck sales fell 48% in 2025 to 20,237 vehicles. That figure was well below Musk’s early target of at least 250,000 trucks annually.

Tesla has not disclosed how many Cybertruck reservations remain open or the total amount it expects to refund to customers. Musk’s statement indicates that orders continue to exceed Tesla’s ability to produce the vehicle, but the company has not provided additional details about the remaining reservation backlog. Other open questions include the precise shutdown date within the eight-month window and production targets for the Cybercab capacity that will take over the freed Texas line.

Analysts currently have a Moderate Buy consensus on Tesla based on 28 ratings issued during the past three months. The average price target is $409.49, which represents approximately 14.31% upside from the last closing price.

Original source: https://coincentral.com/tesla-tsla-stock-climbs-4-as-musk-sets-eight-month-end-date-for-cybertruck/