Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Asharq Al-Awsat EnglishNovember 9, 2026By author

Tesla will have to refund Cybertruck deposits for many customers as orders far exceed production capacity, CEO Elon Musk said, following last week's announcement that the electric vehicle maker is winding down the pickup truck's production at its Texas factory. "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," the billionaire said in a post on X on Monday.

Read the full article at Asharq Al-Awsat English

More on this topic

Science

COP31: 197 states face challenge of delivering climate pledges

COP31 opens in Antalya, with 197 countries seeking to accelerate climate commitments, expand funding and tackle challenges in implementing previous agreements.

The New Arab2 hours ago

Science

UN chief urges leaders to ’get serious’ as COP31 opens

Negotiators had been locked in discussions late Sunday over demands by developing nations to include items on climate finance in the official agenda.

The New Arab3 hours ago

Science

This year set to be one of four hottest on record, UN report says

GENEVA, Nov 9 (Reuters) - This year is on track to be one of the four hottest on record, driven by a powerful ElNiño and perpetuating a warming streak of more than a decade, a UNreport showed on Monday.• Countries are preparing tomeet in Turkey from November 9 to 20 for the next round of climate talks and the World Meteorological Organization "State of the Climate"report provides the latest available data to inform their discussions.

Al-Monitor3 hours ago