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Musk says Tesla will refund some Cybertruck deposits, defends decision to end production

April 12, 2017 | TechCrunch AI
Musk says Tesla will refund some Cybertruck deposits, defends decision to end production
Tesla will shut down production of the Cybertruck in about eight months Musk said in an X post on Monday. He also said the company will try to make as many of the vehicles as possible before then, though Tesla will “have to return deposits for a lot of people.” Musk argued the Cybertruck was not unprofitable, and that Tesla was ending production because the “opportunity cost of the complexity of Cybertruck is vastly outweighed by the value of incremental C