Auto expert Mike Caudill claims the design of Elon Musk’s Tesla Cybertruck will scare off potential buyers on the Cavuto Coast to Coast.
Tesla has stopped taking orders The cheapest model of the Cybertruck electric pickup truck was priced at $61,000. Now, the $100,000 version is the cheapest model available to order on the automaker’s website.
Consumers and investors have been closely monitoring supply and demand for Tesla’s Cybertruck. CEO Elon Musk In recent years, the company has been investing heavily in its EV truck line with the goal of producing 200,000 units per year.
Musk said last fall that Tesla had received 1 million preorders for the truck, but some customers have said they are waiting for a cheaper version because the price and range have been higher than initially expected.
The unconventional and futuristic Cybertruck was first revealed by Musk as a prototype in 2019, with an estimated price of $40,000 and a range of 500 miles on a single charge. Potential buyers could reserve their truck with a refundable $100 deposit to secure it once deliveries began after a lengthy delay that saw it pushed back to late November 2023.
Tesla’s Cybertruck hits the roads
Tesla has stopped taking orders for the $61,000 version of the Cybertruck, leaving the $100,000 version as the cheapest option. (Nick Cooley/Bloomberg/via Getty Images)
Tesla’s website does not offer a reservation feature for potential buyers. $61,000 version of the CybertruckIt had a range of 250 miles and delivery was targeted for 2025.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 200.00 | +1.16 |
+0.58% |
Currently $99,990 Dual Motor Type The Foundation limited series model, with a 318-mile range, is due to be delivered as soon as this month, while the $119,990 tri-motor Foundation Cyberbeast variant, with a 301-mile range, will go on sale from October.
Cybertruck pricing is controversial
Tesla co-founder and CEO Elon Musk broke an “armored glass” window during a demonstration at the Cybertruck launch event in 2019. (Frederick J. Brown/AFP/via Getty Images)
Sam Abuelsamid, an analyst at Guidehouse Insights, told Reuters that Tesla’s move “suggests demand is much less than 1 million trucks,” adding that “the company now has a large inventory of two- and three-motor trucks.”
Delivery of the Cybertruck, which features a trapezoidal exterior design inspired by the movie “Blade Runner” and a stainless steel body. Starting in November 2023 After years of delays and a difficult ramp-up of production.
Tesla’s quarterly results fall short of expectations due to price cuts
The Tesla Cybertruck in Manhattan’s East Village on July 6, 2024. (Julia Bonavita/Fox News Digital/Fox News)
first Production candidate Cybertruck The project was completed in July 2023, about four years after Musk announced Tesla’s plans to build trucks and two years after production was originally scheduled to begin.
Musk said in 2022 that supply chain shortages had affected parts sourcing, leading to production delays.
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Reuters contributed to this report.
