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Tesla raises Cybertruck prices in US

Created at 25 Aug · 4:56 AM1 source↑ Market-relevant
IN SHORT

Tesla has increased the prices of some Cybertruck models in the United States. The dual-motor and premium all-wheel-drive variants saw a $5,000 increase, while the Cyberbeast model's price jumped by $15,000.

Key Numbers

$5,000price increase for dual-motor and premium all-wheel drive Cybertrucks
$74,990new price for dual-motor Cybertruck
$84,990new price for premium all-wheel drive Cybertruck
$15,000price increase for Cyberbeast Cybertruck
$114,990new price for Cyberbeast Cybertruck
46,000vehicles recalled in March

Who's Involved

Tesla
automaker that raised Cybertruck prices
Elon Musk
CEO of Tesla, previously pitched lower starting price
Tesla raises Cybertruck prices in US

↳ Why This Matters

The price increases for Tesla's Cybertruck, particularly for the top-tier Cyberbeast model, occur amidst reports of weaker-than-expected sales and recalls, potentially impacting consumer demand and the company's strategy for its innovative pickup truck.

Key facts

  • Tesla has raised the prices of certain Cybertruck models in the U.S.
  • The dual-motor and premium all-wheel-drive Cybertruck models increased by $5,000.
  • The Cyberbeast variant's price increased by $15,000.
  • The Cyberbeast now costs $114,990 and includes a "Luxe Package" with FSD and Supercharger access.

Tesla has increased the prices of some of its Cybertruck pickup truck models in the United States. The dual-motor and premium all-wheel-drive variants saw their prices rise by $5,000 to $74,990 and $84,990, respectively. The most expensive Cyberbeast model experienced a significant $15,000 price hike, bringing its new cost to $114,990. This top-tier model now includes a "Luxe Package" that features Supervised Full Self-Driving and complimentary access to Tesla's Supercharger network. These price adjustments come despite softer-than-expected sales for the Cybertruck and previous recalls, including one in March affecting approximately 46,000 vehicles. The current pricing for the Cyberbeast is substantially higher than CEO Elon Musk's initial 2019 pitch of a roughly $40,000 starting price, with the base model launched in late 2023 at $60,990.

Frequently asked questions

The dual-motor and premium all-wheel-drive models saw a $5,000 increase, and the Cyberbeast model had its price raised by $15,000.

The Cyberbeast now costs $114,990 and includes a "Luxe Package" with Supervised Full Self-Driving and Supercharger network access.

No, prices for other Cybertruck models remained unchanged.

The Cyberbeast's current price of $114,990 is significantly higher than CEO Elon Musk's 2019 pitch of a roughly $40,000 starting price.

What Happens Next

01Monitor future sales figures and production ramp-up for the Cybertruck.
02Observe any further pricing adjustments or incentives offered by Tesla for the Cybertruck.
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How It Developed

Tesla increased the price of its Cybertruck dual motor and premium all-wheel drive models by $5,000.
The price of the most expensive Cybertruck variant, the Cyberbeast, was raised by $15,000.
The Cyberbeast model now costs $114,990 and includes a new "Luxe Package" with Supervised Full Self-Driving and Supercharger network access.

Sources

T1
Tesla raises prices of Cybertrucks in the USReuters
T2
Tesla raises Cybertruck price despite recalls and demand slump - USA TODAYusatoday.com
T2
Electric vehicles Tesla Cybertruck cost US$15,000 - BNN Bloombergbnnbloomberg.ca
T2
Tesla raises price of most-expensive Cybertruck by $15,000 in USmarketscreener.com

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