Tesla Increases Cybertruck Prices: Cheapest Model Hits $100K

Tesla's Cybertruck Pricing Changes

Tesla has recently made significant adjustments to its Cybertruck lineup that may impact potential buyers. According to Jalopnik, the electric vehicle manufacturer has discontinued the sale of the $60,990 RWD Cybertruck, which was the most affordable variant of the highly anticipated EV truck. Alongside this discontinuation, Tesla has increased the price of the next model up, the AWD Cybertruck, by $20,000. This price hike brings the new MSRP to $99,990, raising the price floor for the Cybertruck by a staggering $39,000.

Cyberbeast Price Increase

In addition to the AWD model, the Cyberbeast, Tesla’s tri-motor version, has also become more expensive. Previously priced at $99,990, the Cyberbeast now commands a price tag of $119,990. These changes in pricing are particularly striking given that Tesla had initially announced back in 2019 that the Cybertruck would have a starting price of only $39,990.

Delivery Timeframe Improvements

Amidst these price alterations, there is some good news for prospective Cybertruck owners. Tesla has improved the estimated delivery times for the AWD Cybertrucks, now expected to hit customers’ driveways between August and September 2024. Meanwhile, the Cyberbeast deliveries are projected for October to December 2024. This is a notable acceleration, as prior expectations had placed order deliveries as far into 2025, based on evidence from The Internet Archive.

Recent Challenges Facing Tesla

Despite the upbeat news on delivery times, Tesla is grappling with multiple challenges. Earlier this year, the company announced two recalls concerning the Cybertruck. The first recall addressed issues with faulty accelerator pedals, while the second focused on defective wiper blades. These issues add to a growing list of complications Tesla faces, including falling profits, federal investigations, and ongoing lawsuits.

Conclusion

The recent pricing strategy and delivery updates suggest that Tesla is attempting to balance demand with production capabilities. However, potential buyers should weigh the implications of these price hikes alongside the company's ongoing challenges. As the market for electric pickups grows, only time will tell how these factors will play out for Tesla and its customers.