The Cybertruck's pricing has now aligned with the Model X in the US, as Tesla begins to send out order invitations for its non-Foundation Series models, just like they said would happen in Q4.
New Pricing for Cybertruck
For reservation holders who didn't choose the high-end Foundation Series trim, the starting price for the AWD Cybertruck is $79,990. This is a significant change for those looking to get their hands on Tesla's latest electric pickup.
Additionally, it appears that the Cybertruck qualifies for a $7,500 commercial vehicle tax credit from the government, unlike other Tesla models which are available for point-of-sale dealer deductions.
Production Increase at Giga Texas
Tesla has been increasing production of the Cybertruck at Giga Texas, with drone footage showing large parking areas filled with these custom electric trucks. It seems the Cybertruck is now set to make a real impact on Tesla's shipment figures for Q4, following the Foundation Series units produced last quarter that slightly exceeded analyst expectations.
What Tesla is offering now to early reservation holders is pretty much the same dual-motor AWD or tri-motor Cyberbeast they’ve been selling up until now, but without the exclusive $20,000 Foundation Series package. This means the Cybertruck AWD can be had for just $79,990 instead of the previous price of around $100,000, while the Cyberbeast is priced just under $100,000.
Will Fans Convert Reservations?
It is still unclear if fans of the Cybertruck will actually go ahead and make a purchase, especially since the Foundation Series package includes a wide range of upgrades and accessories, as well as the Cybertruck’s Full Self-Driving option, which is valued at $7,000 for reservation holders.
At the new price of $79,990, the Cybertruck should also be eligible for the federal point-of-sale tax savings similar to the Model X, not just the commercial tax credit the IRS currently has it listed under. Tesla just revealed these more affordable trims, so it might not be long before the tax credit list is updated for individual buyers, which could lower the price to $72,490 and boost sales.
Tesla also plans to roll out an even cheaper RWD version next year, likely when they start manufacturing all Cybertrucks using the cost-effective 4680 batteries produced via the dry cathode method, which they expect to achieve by July.
Sawyer Merritt (X)
