Tesla’s website indicated that it is no longer accepting orders for the $61,000 base model of its Cybertruck, but that the $100,000 model is still available for purchase and may be delivered as early as this month.
Tesla is keeping a careful eye on the demand and supply for the Cybertruck, which attracts new investors and enthusiasts because Elon Musk, the company’s CEO, has invested heavily in the vehicle’s development and hopes to make 200,000 annually.
Musk said that Tesla had one million reservations for the truck as late as October.
Due to greater pricing and poorer driving ranges than anticipated, some customers have stated they are waiting for less-priced variants.
According to Guidehouse Insights analyst Sam Abuelsamid, “It shows that demand is a lot less than a million trucks.”
According to Cox Automotive, Cybertruck sold about 4,800 units in July, its strongest month to date, making it the highest-selling car in the country for over $100,000.
Laptops 1000An email from a Cox representative stated, “They have sold more than 16,000 so far, but sustained high volume at that price point will be a challenge.”
After several years of delay and a challenging production ramp-up, deliveries of the Cybertruck, which features a stainless-steel body and an unusual trapezoidal exterior design influenced by the “Blade Runner” film, started in November 2023.
According to Musk’s 2019 estimates, the truck would cost $40,000 and have a 500-mile range on a single charge.
Cybertruck reservations were no longer possible on Tesla’s website for the $61,000 model, which had been available with a 250-mile range and a 2025 delivery deadline.
While the $119,990 tri-motor Foundation Cyberbeast, with a range of 301 miles, is available from October, the $99,990 dual-motor variation Foundation limited series, with a 318-mile range, is anticipated to be delivered as early as this month.
“They’re sitting on a lot of inventory of two-motor and three-motor trucks right now,” Abuelsamid claimed.
