Elon Musk changes his stance! Tesla (TSLA.US) delays Cybertruck production halt to late summer 2027, just two days after suggesting “refund deposits”
Elon Musk stated that Cybertruck production will be extended until late summer 2027 to clear the order backlog, and Tesla's stock price rose by about 4%.
Zhitong Finance APP reported that Tesla (TSLA.US) shares rose modestly by about 4% on Wednesday, after CEO Elon Musk announced that the company will extend Cybertruck production until late summer 2027, marking a shift from the previous plan to end production by mid-2027.
On Wednesday, Musk stated in a post on the X platform, "To accommodate more of the Cybertruck order backlog, production will be extended until late summer 2027."
This announcement comes just two days after Musk hinted that Tesla might have to refund deposits to many Cybertruck customers—he had previously indicated that the company would not be able to fulfill all pending orders before the planned production halt.
The latest statement indicates that Tesla intends to use this additional production time to address more of the order backlog, potentially enabling more customers to receive their vehicles before the production line eventually ceases operations.
Musk did not provide further details regarding the revised production schedule or how many pending orders Tesla expects to fulfill.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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