{"id":50449,"date":"2026-11-09T19:23:48","date_gmt":"2026-11-09T17:23:48","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=50449"},"modified":"2026-11-09T19:23:48","modified_gmt":"2026-11-09T17:23:48","slug":"tesla-to-refund-many-cybertruck-deposits-musk","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/tesla-to-refund-many-cybertruck-deposits-musk\/","title":{"rendered":"Tesla to refund many Cybertruck deposits: Musk"},"content":{"rendered":"<div dir=\"ltr\">Tesla will have to refund Cybertruck deposits for \u200bmany customers as orders far exceed production capacity, Chief Executive Officer Elon Musk said, following last week\u2019s announcement that the electric vehicle maker is winding down the pickup \u200btruck\u2019s production at its Texas factory.<\/div>\n<div id=\"x_ms-outlook-mobile-body-separator-line\" dir=\"ltr\" data-applydefaultfontstyles=\"true\">\n<div dir=\"ltr\"><\/div>\n<div>\u201cWe will \u200btry to make as many as possible \u2060before shutting down the line in \u200babout eight months, but will have to return \u200bdeposits for a lot of people,\u201d the billionaire said in a post on X on Monday.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>The comments come after Musk said \u200bTesla would add an extra production shift \u200bto fulfill outstanding Cybertruck orders before dismantling the production line \u200cnext \u2060year to expand output of its Cybercab robotaxi.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>The production wind-down is slated for mid-2027, Musk announced on Friday, with the resources being redirected to the Cybercab, a \u200bvehicle central to \u200bthe automaker\u2019s \u2060autonomous-driving ambitions.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>Tesla began delivering the Cybertruck in late 2023, but demand has \u200bfallen far short of Musk\u2019s expectations.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>\u200bUS \u2060sales fell 48% to 20,237 units last year, according to Kelley Blue Book, well below \u2060Musk\u2019s \u200bearlier projection that annual \u200bCybertruck sales could reach 250,000 vehicles.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#8211;Reuters&#8211;<\/div>\n<\/div>\n","protected":false},"featured_media":14470,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-50449","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The comments come after Musk said \u200bTesla would add an extra production shift \u200bto fulfill outstanding Cybertruck orders.","published_date":"","news_description":"The comments come after Musk said \u200bTesla would add an extra production shift \u200bto fulfill outstanding Cybertruck orders.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50449\/revisions"}],"predecessor-version":[{"id":50451,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50449\/revisions\/50451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14470"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=50449"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=50449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}