Elon Musk admitted that Tesla cannot launch Cybertruck with the previously planned price

By: Michael Korgs | 05.08.2022, 18:34
Elon Musk admitted that Tesla cannot launch Cybertruck with the previously planned price

The Tesla Cybertruck, the subject of intense curiosity and derision that might or may not be produced next year, was supposed to start at a rather attractive price of $39,900. But things have changed since then, as Tesla CEO Elon Musk stated during his company's annual shareholder meeting: "There has been inflation and other difficulties," he said about the Cybertruck's specifications and pricing "Will be different." Inflation and other factors have caused changes to the specs and price of the electric truck since it was first announced in 2019.

“I hate to give a little bit of bad news,” he stated before going on to extol the Cybertruck as “one hell of a product” and a "damn fine machine." Musk said that the Cybertruck would be in widespread production by the middle of next year — but that target has also been adjusted. Production was initially scheduled to begin in late 2021. However, in August 2021, the firm announced a postponement until 2022 — and then later to “hopefully” 2023. In the meantime, competitors like Ford and Rivian have introduced their own electric trucks, with Ford anticipating that it will produce 150,000 F-150 Lightnings by 2023.

Tesla's announcement gave us no information on how the Cybertruck's features and price would change, but we will learn more in the near future. Another outstanding issue is the amount of reservations Tesla has on file. The last figure reported — 650,000 — came from June 2020, although it was likely to have grown since then. According to Electrek, a crowdsourced Cybertruck reservation count on the forum with over 28,000 entries put reservations at 1 million in May 2021. According to Electrek , the number has been growing over time and is now expected to be around 1.5 million reservations.

At the time of the announcement, the single-motor Cybertruck was offered for pre-order for $39,900, the dual-motor version started at $49,900, and the triple-motor version started at $69,900.

Source: www.theverge.com