Elon Musk’s design for the Tesla Cybertruck will drive potential buyers away from Cavuto: Coast to Coast, says auto expert Mike Caudill.
Tesla stopped taking orders The cheapest model of the Cybertruck electric pickup truck, which was priced at $61,000, is now the $100,000 version available to order on the automaker’s website.
Consumers and investors have been closely watching supply and demand for the Tesla Cybertruck since then. CEO Elon Musk The company has invested heavily in its electric vehicle truck line in recent years with the goal of producing 200,000 trucks annually.
Musk said last fall that Tesla had 1 million reservations for the truck. Some customers said they were waiting for the less expensive versions to become available because their prices were higher and their driving ranges were shorter than originally expected.
The unconventional, futuristic Cybertruck was first revealed as a prototype by Musk in 2019, when he estimated it would cost $40,000 and be able to travel 500 miles on a single charge. Interested buyers were able to place a reservation with a $100 refundable deposit to secure their truck once deliveries began after lengthy delays pushed it back to late November 2023.
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Tesla has stopped taking orders for the $61,000 Cybertruck, leaving the $100,000 version as the cheapest option. (Nick Currie/Bloomberg via Getty Images)
Tesla’s website no longer offers potential buyers the ability to reserve a car. $61,000 Cybertruckwhich is being offered with a range of up to 250 miles and targeted delivery in 2025.
| tape | protection | last | It changes | % changes |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 200.00 | +1.16 |
+0.58% |
It is currently offering $99,990. Dual engine variable A limited-edition model of the Enterprise has a range of 318 miles and is expected to be delivered early this month. The $119,990 triple-motor Cyberbeast model, with a range of 301 miles, will be available starting in October.
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Tesla co-founder and CEO Elon Musk at the Cybertruck announcement event in 2019 after he damaged the “armored glass” windows during a demo. (Frederick J. Brown/AFP via Getty Images)
Tesla’s move “shows that demand is well below 1 million trucks,” Guidehouse Insights analyst Sam Abuelsamad told Reuters. “They’re holding a lot of inventory of dual- and tri-motor trucks right now.”
Cybertruck deliveries, featuring a trapezoidal exterior design inspired by the movie “Bladerunner”, as well as a stainless steel body. Started November 2023 After years of delays and difficult production increases.
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A Tesla Cybertruck is seen in the East Village, Manhattan, on July 6, 2024. (Julia Bonavita/Fox News Digital/Fox News)
the first Cybertruck Production Candidate It was completed in July 2023, nearly four years after Musk announced Tesla’s plans to build the truck and two years after initial plans to begin production.
Musk said in 2022 that supply chain shortages were impacting component sourcing and contributing to production delays.
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Reuters contributed to this report.
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