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Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says

Reuters
Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says

Nov 9 (Reuters) - ‌Tesla will have ​to ‌refund Cybertruck deposits ‌for many customers because ‌orders far exceed production capacity, CEO Elon Musk ⁠said on ‌Monday.

"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," Musk ‌said in a post ‌on ​X.

(Reporting by Bipasha Dey in Bengaluru; Editing ‌by Nivedita Bhattacharjee)