TLDR
- Tesla stock was up 4.23% after Musk said Cybertruck production ends in about eight months.
- Tesla will build as many trucks as it can before the line closes.
- Many customers will get deposit refunds.
- Musk says Cybercab is a better use of factory capacity.
- Analysts hold a Moderate Buy rating with a $409.49 target.
Tesla (TSLA) stock was up 4.23% after CEO Elon Musk said the Cybertruck line will close in about eight months. A later quote showed the stock down 0.28%.
Musk shared the plan in a post on X on Monday. Until then, Tesla will build as many trucks as it can.
Deposits will go back to numerous customers. Tesla has not said how many.
The Case Musk Is Making
Musk’s reasoning comes down to opportunity cost. The Cybertruck is complex to build, and that effort costs more than it returns compared with making Cybercab units.
He also said orders keep running ahead of what Tesla can produce. In his telling, demand is not the problem.
Musk pushed back on the idea that the truck is being dropped because it loses money. He framed it as a choice about where to put factory capacity.
The Cybercab is Tesla’s autonomous taxi. Musk recently said Cybertruck work at the Texas factory would wind down to make room for it.
The Numbers Behind the Truck
Cybertruck sales fell 48% in 2025 to 20,237 vehicles, according to Cox Automotive. Musk once aimed for at least 250,000 a year.
That puts last year’s sales at roughly 8% of the original goal. The gap between pitch and results was wide.
The launch was rocky from the start. A window cracked during a live demo in 2019, and deliveries did not begin until late 2023.
High prices, repeated recalls and an unusual design drew criticism after launch. Even so, Musk says orders outpace output.
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 close.
One detail is still missing. Tesla has not said how many Cybertruck reservations remain open.
It also has not given the total amount it expects to refund. Musk’s post on X remains the only source for the eight-month timeline.
