00:00Elon Musk says Tesla will have to refund deposits to many Cybertruck customers
00:04as the company prepares to shut down production of its futuristic pickup.
00:09Musk says outstanding orders now exceed the number of trucks Tesla can build
00:13before closing the production line in roughly eight months.
00:16The announcement follows disappointing sales, with Cybertruck purchases dropping 48 percent last year.
00:23Tesla plans to shift its Texas factory resources toward building more CyberCab robo-taxis.
00:29Marking a dramatic change in Musk's vision for the automaker.
