Top 3 Key Points:
- Cheapest Cybertruck Hits $99,990: Tesla no longer offers the $60,990 version, raising the starting price by $39,000.
- Cybertruck Price Surge: The AWD model now costs $99,990, up $20,000, while the tri-motor “Cyberbeast” is priced at $119,990.
- Faster Deliveries Promised: Tesla aims to deliver AWD models by September 2024 and Cyberbeast models by December 2024.
Tesla has recently discontinued the $60,990 rear-wheel-drive (RWD) version of its Cybertruck, marking a significant change in the lineup. The cheapest option now available is the all-wheel-drive (AWD) model, which has seen a steep price increase. The AWD Cybertruck, which previously had a lower price tag, now starts at $99,990, a $20,000 jump that sets a new price floor for the vehicle.
For those interested in the higher-end version, known as the “Cyberbeast,” which boasts three motors for enhanced performance, the price has also surged. This model is now priced at $119,990, up from $99,990 before August 6th. These new prices are notably higher than what Tesla initially promised back in 2019 when the company announced that the Cybertruck would start at $39,990.
On a positive note, Tesla has improved its delivery estimates. The company now expects to deliver the AWD Cybertrucks to customers between August and September 2024, while the Cyberbeast models are slated for delivery between October and December 2024. These updated timelines are an improvement over the previously anticipated 2025 delivery dates.
However, the Cybertruck has faced some challenges recently. There have been two recalls this year—one due to issues with the accelerator pedals and another for defective wiper blades. In addition to these setbacks, Tesla is navigating through a tough period marked by declining profits, federal investigations, lawsuits, and several recalls across its product line.
