Elon Musk Says the Tesla Cybertruck Is Too Expensive

The Tesla Cybertruck is a polarizing electric vehicle. People seem to love it or hate it with no in between. Its styling is definitely different, but what is a problem for even those who love the thing is its price. CEO Elon Musk knows that it costs a good chunk of change and said recently that they need to make it a more affordable option.

The current starting price for the rear-wheel drive Cybertuck is $57,390 with a range of 250 miles per charge. If you want all-wheel drive, then the price jumps to $76,390 and the range increases to 340 miles. If you want the top trim, which is called the Cyberbeast, then you’re looking at $96,390. Of course, you get a lot for that price with a range of 320 miles, a 2.6-second 0-60 mph time, 845 horsepower, and 10,296 lb-ft of torque.

It’s Expensive And It Won’t Be Available For Months

No matter which Cybertruck you reserve, there’s going to be a bit of a wait with current availability showing as 2025 on Tesla’s website. It takes only $250 to reserve one, so we suppose that long wait will give you plenty of time to save your pennies when the time to configure your truck finally arrives.

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While the base trim isn’t quite so pricey, it’s still not a cheap vehicle by any means. You could buy several of the Model 3 for the price of one Cybertruck. Don’t think that just because Elon Musk has the cash to buy a whole fleet of Cybertucks that he doesn’t understand that price is an issue. He acknowledged the problem in a recent comment on an X thread.

Pricing may be why the Cybertruck isn’t exactly selling like crazy, possibly do to reports of a wide range of issues. According to Benzinga, Kelley Blue Book estimates that 2,803 sold in the first quarter of the year with 8,755 in the second quarter. Those aren’t huge figures, but the company is still ramping up production with a goal of delivering 250,000 units in 2025. Suddenly, those delivery dates make a bit more sense.

It’s Anyone’s Guess When Prices Will Come Down Or By How Much

It’s good news that Musk wants pricing to come down, but simply saying he wants it to come down doesn’t mean it’s actually going to happen. In its second-quarter earnings call, the company said that Cybertruck production is on track to be profitable by the end of the year. That’s one step toward maybe seeing a lower price.

The company also said that it’s working on a prototype Cybertruck with in-house dry cathode 4680 cells. If it all goes as planned and those eventually see production, this would allow for a big cost reduction. This won’t happen until the fourth quarter of 2024, so the impact of that cost savings is likely to be a ways off. If you want a more affordable Cybertruck, then you had better be thinking more long term.