TLDR
- Tesla stock rose about 4% after Musk said Cybertruck production will stop in roughly eight months.
- Tesla will build as many trucks as it can before the line closes.
- Deposits will be refunded to many customers.
- Musk says the freed capacity is better used on Cybercab units.
- Analysts hold a Moderate Buy rating with a $409.49 price target.
Tesla (TSLA) stock was up 4.23% on Monday after CEO Elon Musk said the company will end Cybertruck production. The news came in a post on X.
Musk said the line will close in about eight months. Until then, Tesla plans to build as many trucks as it can.
Customers waiting on orders will not all get a truck. Tesla will need to refund deposits to numerous buyers.
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… https://t.co/rGmNKV3ILs
— Elon Musk (@elonmusk) November 9, 2026
Musk said orders still run ahead of what Tesla can build. So demand is not the problem, in his telling.
He also pushed back on the idea that the truck is being dropped because it loses money. His point was about cost and complexity instead.
Making the Cybertruck is hard, Musk said. That effort costs Tesla more than it gains when the same capacity could build Cybercab units.
A Rocky Road for the Cybertruck
The truck debuted in 2019 with a now-famous flop, when a window shattered during a live demo. Deliveries did not start until late 2023.
High prices, repeated recalls and an unusual design drew criticism along the way. Sales then fell 48% in 2025 to 20,237 vehicles, per Cox Automotive.
That is far below Musk’s early goal of at least 250,000 trucks a year. The gap between the pitch and the results was wide.
Tesla’s Cybercab is its self-driving taxi. The shift fits the company’s push toward autonomous tech.
What Tesla Has Not Said
Musk recently said Tesla would wind down Cybertruck work at its Texas factory. That space is meant for more Cybercab output.
Tesla has not said how many Cybertruck reservations are still open. It also has not given the total amount it expects to refund.
Wall Street is fairly upbeat on the stock. Analysts carry a Moderate Buy consensus based on 28 ratings from the past three months.
The average price target is $409.49. That implies about 14.31% upside from the last closing price.
Musk’s X post on Monday remains the main source for the eight-month timeline.
