Friday, 05 August 2022 11:06

Tesla Cybertruck Prices, Specs to Change

Written by Maria Merano, Teslarati
Tesla Cybertruck Prices, Specs to Change Tesletter/Twitter

Share This:


Tesla CEO Elon Musk admitted at the 2022 Annual Meeting of Stockholders that Cybertruck prices will change.

However, a lot has changed since the cyberpunk truck’s unveiling. Tesla might make the price change worth it.


The all-electric pickup truck was unveiled in 2019, before the pandemic. Prices have gone up across the board, so it wouldn’t be surprising if the price of the Cybertruck went up as well. Tesla has increased the price of its other vehicles as well. 


“Cybertruck pricing, it was unveiled in 2019, and the reservation was $99,” Musk reminded everyone at the meeting. “A lot has changed since then, so the specs and the pricing will be different. I hate to give sort of a little bit of bad news. But I think there’s no way to sort of anticipate the inflation that we’ve seen and the various issues."


Initially, the Cybertruck was available in three trims with starting prices ranging from $39,900 for the single-motor RWD version to $69,900 for the tri-motor AWD.


Even though Tesla has had a lot on its plate with the pandemic, supply chain issues and inflation, it has continued to refine the Cybertruck’s design since 2019. In June, Musk confirmed Tesla had finalized the design. 


At the Q4 2021 earnings call, he said Tesla added a lot of new technology to the Cybertruck. Musk hinted that striking a balance between the Cybertruck’s new technology and affordability would decide its final updated price.


“I worry more about like how do we the Cybertruck affordable despite having awesome technology. That’s the thing that will really set the rate,” he said in Q4 2021.
In June, at the Shareholders Meeting, Musk said Cybertruck production is on track for mid-2023. 


Musk assured everyone the Cybertruck is still a mind-blowing EV pickup truck.


“But what I can say is that the Cybertruck will be one hell of a product. It’s gonna be like a damn fine machine,” he said.


We thank Teslarati for reprint permission.