Tesla stopped taking orders for the most cost effective model of its Cybertruck electric pickup, which was priced at $61,000.
Now, its $100,000 version is the most cost effective model available for order on the automaker’s website.
Consumers and investors have closely monitored the availability and demand of Tesla’s Cybertruck after CEO Elon Musk invested heavily within the EV truck line in recent times with the goal of manufacturing 200,000 annually.
Musk said last fall that Tesla had 1 million reservations for the truck.
Some customers have indicated they’re waiting for cheaper versions to be available because its prices have been higher and driving ranges lower than originally forecast.
The unconventional, futuristic Cybertruck was first unveiled as a prototype by Musk in 2019, when he estimated it might cost $40,000 and find a way to travel 500 miles on a single charge.
Interested buyers were in a position to place a reservation with a refundable $100 deposit to secure their truck once deliveries began after lengthy delays that pushed it back until late November 2023.
Tesla’s website not offers would-be buyers the power to order a $61,000 version of the Cybertruck, which had been offered with a 250-mile range and a targeted delivery of 2025.
It currently offers a $99,990 dual-motor variant Foundation limited series model that has a 318-mile range and is estimated to be delivered as early as this month.
The $119,990 tri-motor Foundation Cyberbeast variant, with a variety of 301 miles, can be available starting in October.
Guidehouse Insights analyst Sam Abuelsamid told Reuters that Tesla’s move “shows that demand is quite a bit lower than 1,000,000 trucks” and added, “They’re sitting on lots of inventory of two-motor and three-motor trucks straight away.”
Deliveries of the Cybertruck, which incorporates a trapezoidal exterior design that was inspired by the movie “Bladerunner,” in addition to a chrome steel body, began in November 2023 after years of delay and a difficult production ramp-up.
The primary production candidate Cybertruck was accomplished in July 2023, roughly 4 years after Musk announced Tesla’s plans to make the truck and two years after production was initially planned to start.
Musk said in 2022 that offer chain shortages affected the sourcing of components and contributed to the production delay.
Reuters contributed to this report.
Tesla stopped taking orders for the most cost effective model of its Cybertruck electric pickup, which was priced at $61,000.
Now, its $100,000 version is the most cost effective model available for order on the automaker’s website.
Consumers and investors have closely monitored the availability and demand of Tesla’s Cybertruck after CEO Elon Musk invested heavily within the EV truck line in recent times with the goal of manufacturing 200,000 annually.
Musk said last fall that Tesla had 1 million reservations for the truck.
Some customers have indicated they’re waiting for cheaper versions to be available because its prices have been higher and driving ranges lower than originally forecast.
The unconventional, futuristic Cybertruck was first unveiled as a prototype by Musk in 2019, when he estimated it might cost $40,000 and find a way to travel 500 miles on a single charge.
Interested buyers were in a position to place a reservation with a refundable $100 deposit to secure their truck once deliveries began after lengthy delays that pushed it back until late November 2023.
Tesla’s website not offers would-be buyers the power to order a $61,000 version of the Cybertruck, which had been offered with a 250-mile range and a targeted delivery of 2025.
It currently offers a $99,990 dual-motor variant Foundation limited series model that has a 318-mile range and is estimated to be delivered as early as this month.
The $119,990 tri-motor Foundation Cyberbeast variant, with a variety of 301 miles, can be available starting in October.
Guidehouse Insights analyst Sam Abuelsamid told Reuters that Tesla’s move “shows that demand is quite a bit lower than 1,000,000 trucks” and added, “They’re sitting on lots of inventory of two-motor and three-motor trucks straight away.”
Deliveries of the Cybertruck, which incorporates a trapezoidal exterior design that was inspired by the movie “Bladerunner,” in addition to a chrome steel body, began in November 2023 after years of delay and a difficult production ramp-up.
The primary production candidate Cybertruck was accomplished in July 2023, roughly 4 years after Musk announced Tesla’s plans to make the truck and two years after production was initially planned to start.
Musk said in 2022 that offer chain shortages affected the sourcing of components and contributed to the production delay.
Reuters contributed to this report.
