Tesla has significantly increased the price of its Cybertruck electric pickup truck, discontinuing the base model and raising prices on the remaining configurations by $20,000. The move marks a substantial shift from the initial $39,000 price tag advertised before deliveries began.
The previously cheapest available option, the dual-motor all-wheel-drive (AWD) Cybertruck, now starts at $99,990. This version boasts an estimated range of 318 miles. The top-tier tri-motor Cyberbeast, offering a 301-mile range, has also seen a $20,000 price jump, bringing its starting price to $119,990.
The base model, originally priced at $39,000 and later adjusted to $60,990 after deliveries commenced, is no longer available for order. Customers who previously ordered this version can expect delivery sometime next year. Meanwhile, deliveries for the updated mid-tier Cybertruck are estimated to begin this month, with the tri-motor Cyberbeast following in October.
This price increase comes after Tesla CEO Elon Musk announced last fall that the company had received over a million Cybertruck orders. The vehicle has faced several production and design challenges since its initial rollout in late 2023.
These challenges included issues with the windshield wiper motor, which occasionally malfunctioned. The accelerator pedal cover also presented problems, potentially becoming loose and causing the pedal to stick. Additionally, a piece of plastic trim along the truck bed was found to be at risk of detaching.
These issues have subsequently been addressed through recalls. Despite these setbacks, Tesla continues to refine the Cybertruck and remains committed to fulfilling its substantial backlog of orders. The recent price adjustments reflect the evolving landscape of electric vehicle production and the ongoing demand for Tesla’s innovative pickup truck.
The decision to discontinue the base model and increase pricing on other configurations reflects several potential factors. These may include rising production costs, increased demand for the Cybertruck, and the ongoing development of advanced features and technology. While the price increase may disappoint some potential buyers, Tesla’s focus remains on delivering a groundbreaking electric pickup truck.
In conclusion, the Tesla Cybertruck has seen substantial price adjustments, with the base model discontinued and other versions receiving a $20,000 increase. While the updated pricing reflects market dynamics and production costs, it also underscores the continued demand for Tesla’s innovative electric vehicle. Deliveries for existing orders of the base model are expected next year, while the updated mid-tier and tri-motor configurations are slated for delivery this month and October, respectively.
