Tesla’s Cybertruck Production: New Prices and Production Details

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Author: Valerie Zulia

Tesla CEO, Elon Musk, recently announced a change in the expectancy of the much-expected Cybertruck. 

Cybertruck is the Tesla version of a bulletproof and multipurpose truck. The automobile is made with stainless steel, among other distinct materials. 

What’s the bad news for Cybertruck customers?

The starting price for Tesla’s Cybertruck was $39,900, but there is a glitch. The company SEO disclosed that “a lot has happened” since the first announcement, and the vehicle pricing may change. 

During Tesla’s annual stockholder meeting, he said that inflation and “other challenges” had arisen in the three years since the electric truck was initially presented.

Before describing the Cybertruck as a “damn fantastic machine,” he said that he hates to break a little bit of bad news.

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Musk claimed that the Cybertruck would enter production by “the middle of next year(2023).

Initial plans anticipated for production was 2021, however, the manufacturer announced a postponement in August 2021, first for 2022 and subsequently for 2023. 

While Tesla seems behind, competitors like Ford and Rivian have introduced their electric pickups; according to Ford, 150,000 F-150 Lightnings will be produced by 2023.

Technical Features of the Cybertruck

Besides stating that the initial pricing will not be the same, Musk omitted other information. Tesla said that it would produce the Cybertruck in three variants in 2019:

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  • A rear-wheel-drive single-motor vehicle with a 250-mile range, a 7,500-pound towing capacity, and a 6.5-second zero to 60 mph time. The price for it is $39,900.
  • Dual motor all-wheel drive that costs $49,000 and has a range of 300 miles, a towing capability of 10,000 pounds, and a 4.5-second zero to 60 mph time.
  • For $69,900, a triple motor all-wheel drive vehicle with a range of 500 miles, a towing capacity of 14,000 pounds, and a zero to 60 mph time of fewer than 2.9 seconds.

Is Tesla going to make all these three versions? Nobody can ascertain that. 

How Many People are ready to buy it?

What number of reservations on file as of now is unknown. The most recent reservations was over 600,000, according to the company’s report in June 2020. Nevertheless, it is likely that it has significantly increased since then. 

According to Electrek, the Cybertruck forum’s count reservations showed that there were more than 1 million as of May 2021. 

From last year, the amount has continued to rise; now, it is expected to be close to 1.5 million bookings.

Tesla Cybertruck New Pricing

In the meantime, Tesla has increased the price for their non-vaporware range of EVs, except for the Model 3. 

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The company had some encouraging news if things come into play with production; if approved, the new climate agreement proposed by Senate Democrats would do away with the threshold of 200,000 vehicles sold to start the $7,500 tax credit phaseout. 

In 2018, Tesla became the first electric car manufacturer to sell 200,000 electric vehicles, which started the phaseout.

The law would limit the price ranges of EVs that qualify for the credits to no more than $55,000 for new cars and $80,000 for trucks and SUVs. Therefore, if Tesla wants the Cybertruck to qualify, it must be priced appropriately.

Conclusion

With production forecasted to start next year, the prices of Tesla Cybertruck will change from the initially proposed pricing. Currently, the new prices and integrated features are unknown, but the company may not want to price them more than the proposed law that capped new cars at $55,000and $80,000 for trucks and SUVs. 

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