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Elon Musk says Tesla’s Cybertruck was profitable and rejects reports that losses drove its planned discontinuation. The source report says Tesla expects to stop producing the pickup in eight months and redirect manufacturing capacity toward Cybercab robotaxis, but provides no financial figures or independent evidence for Musk’s profitability claim.
Tesla CEO Elon Musk says the Cybertruck was profitable and that the pickup’s planned discontinuation is not driven by losses, according to a report published November 9, 2026. The report says Tesla plans to stop Cybertruck production in eight months and shift resources toward scaling its Cybercab robotaxi, though it does not provide financial records backing Musk’s claim.
Musk said reports describing the Cybertruck as unprofitable were wrong, disputing what he called coverage by “legacy media.” He attributed the planned production shutdown instead to the opportunity Tesla sees in incrementally ramping up Cybercab robotaxis. The source report does not include a detailed explanation from Tesla or financial data showing the Cybertruck’s revenue, costs, or profit margins.
The same report says Musk claimed Cybertruck orders “far exceed” Tesla’s manufacturing rate. It also says the company intends to build as many pickups as possible before production ends, while warning that it will have to return deposits to many customers. The report gives no figures for the order backlog, production rate, or expected deposit refunds, so the scale of the gap between orders and available vehicles is not established.
The announcement, as described, combines a defense of the vehicle’s financial performance with a planned shift in manufacturing priorities. Musk’s statement is an attributable claim, not an independently verified accounting result. The source material does not specify which reporting he was responding to, or what measure of profitability he used.
Cybertruck Claims Meet a Production Shift
The distinction matters because profitability and continued production are not the same question. Musk’s account suggests Tesla may be ending Cybertruck output to prioritize another project rather than because the pickup is losing money. But without disclosed financial figures, readers cannot assess whether the vehicle has generated a profit after development costs, factory investment, and other expenses.
The reported plan also has direct implications for customers and Tesla’s product lineup. If production ends while orders remain above manufacturing capacity, some buyers may not receive vehicles and could have deposits returned. At the company level, redirecting capacity to Cybercab would place greater emphasis on Tesla’s robotaxi plans. The report does not establish how much capacity would move or whether the shift would affect other vehicle production.
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What the Report Says About the Plan
The source is a November 9, 2026, item in The Drive’s daily automotive news roundup, which summarizes a Cybertruck development and links to TechCrunch. It reports a shutdown target eight months after the item’s publication, but the supplied material does not give a specific calendar date for the final production day.
The report’s account of Musk’s comments ties the end of Cybertruck production to Tesla’s stated interest in ramping up Cybercab robotaxis. It does not say that the Cybercab is already replacing the pickup on a specific factory line, or describe a confirmed manufacturing schedule. Nor does it provide the earlier reports that Musk disputed, making it difficult to compare his characterization with the original reporting.
“Orders for the Cybertruck “far exceed” the company’s manufacturing rate.”
— Elon Musk, as quoted in The Drive’s report
Profit Figures and Customer Orders
The source material does not disclose Cybertruck revenue, costs, margins, or cumulative profit, and does not define what Musk means by profitable. It also gives no independent confirmation of his claim or details about the reports he says mischaracterized the truck’s financial performance.
The size of the order backlog and Tesla’s production rate are also unspecified. It is not clear how many buyers might receive refunds, when refunds would be issued, or whether the eight-month production timetable is final. The report offers no firm schedule or production details for the proposed Cybercab ramp-up.
Tesla’s Next Production Milestones
The reported next milestone is Tesla’s planned effort to build Cybertrucks through the next eight months before ending production. The company would also need to address unfilled orders and return deposits to affected customers, according to Musk’s comments as relayed by The Drive.
Further clarification from Tesla on its financial results, order totals, refund process, and manufacturing plans would help establish what the production shift means in practice. Until such details are available, Musk’s profitability statement remains a claim, while the production end date and Cybercab ramp-up remain plans reported by the source rather than independently documented outcomes.
Key Questions
Is Tesla stopping Cybertruck production because it is unprofitable?
Musk says no. He said the planned discontinuation reflects Tesla’s choice to focus more on Cybercab production. The report does not include financial data that independently verifies the Cybertruck was profitable.
When is Cybertruck production expected to end?
The source report says Tesla plans to stop production in eight months from November 9, 2026. It does not provide a specific final production date.
Will every Cybertruck order be filled?
Not necessarily, according to Musk’s comments in the report. He said orders exceed Tesla’s manufacturing rate and that the company would have to return deposits to many people. The number of affected customers is not given.
What is Tesla expected to prioritize instead?
The report says Tesla plans to ramp up production of its Cybercab robotaxi. It does not detail the manufacturing timetable or how much capacity would be assigned to it.
Source: thedrive.com
