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Tesla begins deliveries of Cybertruck, with starting price of $60,990

Published Nov 30, 2023 04:14PM ET Updated Nov 30, 2023 05:09PM ET
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Investing.com – Tesla Inc (NASDAQ:TSLA) started deliveries of its Cybertruck electric pickup on Thursday, with a starting price of $60,990 as CEO Elon Musk bets big on electric truck segment.

The rear-wheel drive base model of the Cybertruck will cost $60,990, with more high-end, powerful versions, the all-wheel drive and Cyberbeast, fetching price tags of $79,990 and $99,990, respectively. After tax credits as well as promotions, pricing for the base model will be $49,890, while the all-wheel drive and Cyberbeast will come in at about $68,890 and $96,390, respectively. 

What we're aiming with the Cybertruck is a "better truck than a truck while also being a better sports car than a sports car," Musk said Thursday at the launch  event of the Cybertruck in Austin, TX. 

That was well above the $40,000 price tag Musk first touted for the base model in 2019, but in-line with Wall Street estimates, Wedbush said Thursday following the event.

The rear-wheel drive $60,990 version is expected to begin rolling out in 2025, with an estimated range of 250 miles on a single charge, and a zero-to-60 speed of 6.5 seconds. The all-wheel drive, with deliveries starting in 2024, has an expected range 340 miles, with a zero-to-60 speed of 4.1 seconds, while the top-end model dubbed "Cyberbeast," boasts an estimate range of 320 miles, 11,000 pound maximum towing capacity, and a zero-to-60 speed of 2.6 seconds.

Musk offered no fiscal 2024 deliver targets for the Cybertruck, which has faced production challenges, but Wedbush forecasts Tesla will deliver about 2,000 to 3,000 Cybertrucks this quarter, with the first 10,000 unit quarter to come in first half of next year.

"While Cybertruck does not significantly move the financial needle for Tesla in 2024 it further shows the innovation and mind share lead that Tesla has built with many OEM competitors around the world still on the treadmill stuck in neutral," Wedbush said. 

Tesla begins deliveries of Cybertruck, with starting price of $60,990
 

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Comments (8)
Barry Nickerson
Subbuilder Dec 01, 2023 6:30AM ET
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The first lunar rover looked better than this thing.
JaneJohn Doe
JaneJohn Doe Nov 30, 2023 8:41PM ET
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Nobody cares about this ugly tin can except the rednecks, but for them, EVs are now the forbidden fruit.
João Moreira
João Moreira Nov 30, 2023 8:25PM ET
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Comparing with the well proved Toyota Tundra, Ford's F-150 and Chevy's Silverado either gas or electric, it's incredibly expensive and will have to prove its reliability on the daily service. For a product that took 4 years from announcement to the first delivery it's really weak
Ed Glass
EddieG Nov 30, 2023 6:53PM ET
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$100,000 car get the government subsidies? why tax payer paying this.
Mikkel Hartvig
Mikkel Hartvig Nov 30, 2023 6:53PM ET
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No it does not. The $7.500 for regular consumers is capped at at a $80.000 price for trucks
Irvin Mermelstein
Irvin Mermelstein Nov 30, 2023 6:40PM ET
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$100,000! For a weird truck?
Carlos Lucena
Carlos Lucena Nov 30, 2023 6:17PM ET
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Incredible! The iphone of this decade!
Jo Jo
Jolteon Nov 30, 2023 4:35PM ET
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Goofy ah truck
Dice Daddy
Dice Daddy Nov 30, 2023 4:25PM ET
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Well i guess i will be cancleing my pre order. The truck is now just for rich people. Sucks
Roger Miller
Roger Miller Nov 30, 2023 4:25PM ET
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Everything is for rich people after the inflation our political and bureaucratic saviors have created.
Jean Paul Cristancho
Jean Paul Cristancho Nov 30, 2023 4:25PM ET
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Lets go trump
Artem Verdiyan
Artem Verdiyan Nov 30, 2023 4:25PM ET
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any new truck is already over 50k. at 40k the cyber truck would have been the cheapest on the market. 61k is not off the scale
Carl Tom
Carl Tom Nov 30, 2023 4:25PM ET
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let's go Gump.,.san. Quinton
 
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