Tesla extends Cybertruck production to clear backlog, Musk says
Tesla will continue manufacturing the Cybertruck through the end of summer 2027 to fulfill its backlog of orders, CEO Elon Musk announced Wednesday.
The extension gives Tesla additional time to fulfill orders for the stainless-steel pickup truck. Last week, Musk had originally stated that production would wind down by mid-2027 when he informed customers about the timeline.
Days after that announcement, Musk revealed Tesla would have to return some customers' deposits, noting that the Cybertruck order rate "far exceeds" the electric vehicle maker's production rate.
Customer Backlash
The announcement sparked backlash from some Tesla customers on social media who are still waiting to receive their vehicles. "Like many of you, I have a 59k Cybertruck on order," one Reddit user wrote. "I've been excited for it, and I'm getting the feeling now that it may not happen."
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.
Financial Decision
In his X post on Wednesday, Musk acknowledged that extending production wasn't the most financially sound decision for Tesla. "This is not the smartest move from a profit-maximizing standpoint btw, but there must be some room in this world for sentimentality or what's the point?" he wrote.
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