Veon lifts revenue forecast as CEO warns of fuel shortages
The telecom group raised the lower end of its 2026 growth outlook, while reporting a 15% decline in data use in Bangladesh.
Tesla to end Cybertruck production in about eight months, Musk says
Musk said Tesla would have to refund many reservation holders as it shifts factory space toward two-seater Cybercab robotaxis.
Tesla plans to halt Cybertruck manufacturing in about eight months and refund deposits to many customers, CEO Elon Musk said on November 9, 2026. In a post on X, he said Tesla would try to build as many trucks as it could before production ends.
Musk said orders were coming in much faster than Tesla could produce the trucks. He disputed that the Cybertruck was unprofitable, arguing that dedicating its factory space and resources to additional Cybercab production offered greater value. He had previously outlined plans to use the space for more of the two-seater robotaxis.
Customer deliveries began in November 2023. Musk had put reservations at 1 million, but those bookings did not become sales on that scale. Tesla does not disclose Cybertruck sales separately; industry experts estimate that about 71,000 have been sold since deliveries started.
SpaceX, now known as SpaceXSI and also led by Musk, purchased $131 million worth of Cybertrucks in 2025, according to its S-1 registration statement filed ahead of its IPO.