Tesla extends Cybertruck production to end of summer 2027 as Musk reverses course on shutdown

Tesla Cybertruck production will run through the end of summer 2027, Elon Musk said in a post on X on Wednesday 11 November 2026, pushing back a shutdown that he had announced only days earlier at Tesla‘s Texas factory. Musk gave the reason as the order backlog, InsideEVs reported, and Tesla shares rose on the news.

What happened

“In order to work through more of the Cybertruck order backlog, production will be extended through the end of summer 2027,” Musk wrote, according to The Truth About Cars. He added: “This is not the smartest move from a profit-maximizing standpoint btw.”

On 6 November Musk had posted that Tesla “will be winding down production of the Cybertruck at Gigafactory Texas around the middle of next year”, autoevolution reported, tying the decision to more Cybercab production at the site. He later said the line would shut in “about 8 months”, as CBS News reported via Yahoo Finance. The new date adds about two months to the July 2027 cutoff, InsideEVs said.

Key numbers

• Production now runs to the end of summer 2027, about 10 months of runway and roughly two months past the July 2027 cutoff, per InsideEVs. 1
• About 70,000 Cybertrucks sold since late 2023 on industry estimates, against Musk’s earlier floated target of 250,000 a year, per InsideEVs.
• Tesla (TSLA) rose about 4% to near $394 in Wednesday afternoon trading, per TipRanks. 3
• The Cyberbeast is now the only trim, at $110,000, per InsideEVs.
• A petition to keep the truck alive had more than 5,000 signatures, per The Truth About Cars. 2

Why the Cybertruck order backlog matters for Tesla

Tesla has more orders than it can fill before the earlier cutoff, according to The Truth About Cars. CBS News said Tesla will return some customers’ deposits because orders “far exceed” production, and InsideEVs noted that Musk had warned earlier that some deposits would be refunded because not every ordered truck could be delivered.

The reversal comes after the abrupt cancellation upset fans of the truck. InsideEVs suggested the extension may placate them. The Texas plant is where Tesla wants room for the Cybercab, a theme that also runs through the automotive and EV story at the company. Musk is also in the news over a legal matter, as Founders in Frame reported when the SEC asked a court to close a $40 million Tesla fund tied to his 2018 funding secured post.

What it means for Tesla and Musk’s fortune

TipRanks reported that the shares climbed roughly 4% on the day. It put analyst consensus at “Moderate Buy” from 27 analysts, 14 rating the stock a buy, 11 a hold and 2 a sell, with an average price target of $411.86, about 4% above the price it cited. TipRanks did not quote named analysts on the Cybertruck decision.

The truck is small next to Tesla’s total business, and none of the reports gave a profit figure for the extension. Musk’s own comment that the move is not the smartest from a profit-maximizing standpoint suggests the gain is goodwill and delivery on existing orders rather than margin.

What happens next

Tesla Cybertruck production now has an end date of late summer 2027, which means orders placed before then can still be filled, subject to the backlog. The reports did not say how many trucks Tesla can build in the extra months or how many deposits will be returned. Watch for Tesla’s next quarterly update and any Musk posts on the line, the Cybercab ramp at Giga Texas and customer deliveries.