Musk said at his company’s annual shareholder meeting that the Cybertruck’s specs and price “will vary,” citing inflation and other “various issues” that have cropped up in the three years since the electric truck debuted .
Musk said the Cybertruck will enter mass production “by the middle of next year” — but, of course, that’s a moving target. Production was supposed to start in late 2021. But in August 2021, the company announced a delay to 2022 — and later to “hopefully” 2023.
In the meantime, rivals like Ford and Rivian have launched their own electric pickups, and Ford said it plans to produce 150,000 F-150 Lightnings by 2023.
Musk didn’t reveal any details other than noting that the original price wouldn’t change. In 2019, Tesla said it would produce three versions of the Cybertruck.
Single-motor rear-wheel drive, 250-mile range, 7,500-pound towing capacity, zero-to-60 mph time in under 6.5 seconds, $39,900
Dual-motor all-wheel drive with 300 miles of range, 10,000 pounds of towing capacity, 0-60 mph in less than 4.5 seconds, $49,900
Three-motor all-wheel drive, 500 miles of range, 14,000 pounds of towing capacity, less than 2.9 seconds from standstill to 60 mph, and a $69,900 price tag.
Another unanswered question is Tesla’s current pre-order numbers. The last reported figure of 650,000 was in June 2020, but presumably it has continued to grow rapidly since then. According to Electrek, a crowdsourced Cybertruck booking tally by the Cybertruck Forum surpassed 1 million bookings in May 2021. That number has been growing over the past year and is now estimated to be close to 1.5 million bookings.
Meanwhile, Tesla recently (again) raised prices on its lineup of electric vehicles — except for the Model 3. And, when the new climate deal proposed by Senate Democrats is revealed, the company is expected to benefit from new subsidies that, if passed, would remove the $7,500 cap on the $7,500 tax credit triggered by the sale of 200,000 vehicles. Tesla was the first automaker to sell 200,000 electric vehicles, triggering the phase-out as early as 2018.
But the legislation would continue to limit eligibility for credit to $55,000 for new cars and $80,000 for pickups and SUVs, and Tesla could also reprice the Cybertruck if it were to get the concessions.