The Dream of a Sub-$40,000 Tesla Cybertruck Is Dead Image

(Credit: Frederick J. Brown via Getty Images) Elon Musk stated during yesterday’s Tesla annual meeting of stockholders (Opens in a new window) that the base pricing of the Cybertruck will no longer be $39,900.

Musk responded to several questions posed by shareholders (Opens in a new window) at the meeting that was held in front of a live audience. One of them inquired as to whether people who had already placed orders would still be subject to the original Cybertruck pricing.

Musk affirmed that it would not, while pointing out that in 2019 a reservation only cost $99 at that time. The specifications and the price will differ because it was introduced in 2019, he continued, adding that a lot has happened since then. I’m sorry to be a downer, but I don’t think we could have predicted precisely the inflation we’ve experienced and other problems.

To give you an idea, the Cybertruck originally had three motor options and three price points: a single motor model was $39,900, a twin motor model was $49,900, and a tri-motor model was $69,900. The price would have gone up by $7,000 to include the self-driving option.

Few people would be shocked to learn that prices will be higher, especially in light of everything that has happened since 2019 and the fact that the Cybertruck won’t likely be produced until at least 2023.

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Musk did not respond to the second portion of the inquiry, which asked when price would be made public. Due to inflation, continued issues with the supply chain and gigafactory, and the uncertain production schedule, there is no way he could at this time.

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