Key Takeaways
1. Tesla is reducing prices on the Cybertruck, with discounts up to $6,000 on the Foundation Series and $5,000 on the Dual-Motor AWD model.
2. The starting price for the new AWD Cybertruck is $70,490 after discounts, but rises to $75,990 without fuel savings.
3. The Foundation Series Cybertruck has a base price of $94,990, with a $5,000 discount and includes complimentary Full Self-Driving and premium accessories.
4. Buyers ordering by March 31 can receive a free vehicle wrap, with potential savings of nearly $10,000 when combined with recent price cuts.
5. Tesla aims to clear inventory of 2024 models, which do not qualify for IRS tax credits, and plans to introduce a more affordable RWD Cybertruck later this year.
Tesla is reducing prices on the Cybertruck, offering discounts of up to $6,000 on the Foundation Series edition and up to $5,000 on the Dual-Motor AWD model.
Discount Details
These reductions apply only to inventory models, with the starting price of the Cybertruck set at $70,490 for a new AWD version, after a $4,000 adjustment and factoring in Tesla’s well-known fuel savings. However, if those savings are taken out of the equation, the entry price for inventory Cybertrucks rises to $75,990, which is less appealing.
Pricing for Upgraded Models
For those interested in a more equipped Foundation Series Cybertruck, the base price is $94,990 without the fuel savings, which includes a $5,000 discount. This version also comes with complimentary Full Self-Driving (FSD) and premium wheels or accessories. Buyers can find this offer particularly attractive, as it includes a free wrap of their choice if they place their order by March 31, with a voucher arriving within two weeks of delivery.
The wrapping service is provided by XPEL and must be arranged with one of their authorized service centers, depending on color availability. In December, Tesla reduced the cost of Cybertruck wraps to $4,500, which means buyers could save nearly $10,000 by purchasing from inventory with this combination.
Special Offers on the Tri-Motor Model
The highest discount of $6,000 applies to the tri-motor Cyberbeast, starting at $113,990. Tesla’s recent price cuts on inventory Cybertrucks are aimed at clearing out the 2024 models, which do not qualify for the IRS tax credit, as only the 2025 model year has received approval. Once these units are sold, Tesla will likely aim to further reduce Cybertruck prices, either by cost reductions or through various incentives and promotions.
These strategies are expected to lead to the introduction of the most affordable RWD Cybertruck later this year, which is anticipated to be eligible for the federal subsidy, provided it still exists at that time.
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