Elon Musk: Tesla to end Cybertruck production

Tesla plans to end production of the electric truck in about eight months and will refund deposits to customers who pre-ordered the vehicle.

Tesla is set to end production of the Cybertruck in approximately eight months, CEO Elon Musk confirmed. As reported today (Sunday) by CBS News and TechCrunch, the company has announced that it will begin returning deposits to customers who placed orders for the vehicle as the production line winds down. Musk defended the decision to discontinue the model, though no specific reasoning for the move was detailed. Further information regarding the company's future production plans or the exact timeline for the refund process has not yet been released.