Tesla Opens Orders for Non-Foundation Cybertrucks Starting at $79,000

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Key Takeaways

  • Tesla is now accepting orders for non-Foundation Series Cybertrucks starting at $79,000.
  • The Cybertruck's initial launch only included high-end Foundation models priced at $100,000.
  • The price drop brings the Cybertruck under the U.S. Federal EV Tax Credit threshold, although Tesla has not confirmed credit availability.

Tesla has started accepting orders for the standard versions of its Cybertruck, marking a significant price reduction from the previously available high-end Foundation Series.

The non-Foundation EV trucks are expected to be delivered as early as October or November 2024.

Background of Tesla’s Cybertruck Offerings And the Non-foundation Series Mission Details

The standard All-Wheel Drive model (AWD) costs $79,000, while the Tri-Motor Cyberbeast costs $99,990. These prices represent more affordable options compared to their Foundation Series counterparts, which are $20,000 higher for each variant. This development follows Tesla’s delay in releasing the standard configuration, originally scheduled earlier this year.

This launch represents the first major expansion of Tesla’s Cybertruck offerings. Meanwhile, early reservation holders have started receiving invitations to configure their vehicles, though this process appears to unfold gradually.

Tesla’s decision to finally offer the non-foundation models brings its electric truck closer to the broader market. The company plans to ramp up the production of the less expensive Cybertruck to achieve 2,500 units by year-end and an annual production target of 250,000 in 2025.

However, potential buyers may notice a stark contrast between current pricing and initial promises. Tesla promised a starting price of $39,900 for the Cybertruck in 2019, but today’s final base pricing is twice that.

Additionally, Tesla’s website does not currently include the US Federal EV Tax Credit for the Cybertruck, despite the price falling below the $80,000 threshold. Whether this is a clerical error or indicative of an issue with eligibility remains unclear.

While Tesla pushes forward with its expansion plans, it also faces serious operational difficulties. Alongside the expansion of the Cybertruck series, Tesla has issued a significant recall for the vehicle.  Since its delayed release in November 2023, Tesla’s Cybertruck has been subject to multiple recalls, the most recent affecting 27,185 vehicles.

The automaker is addressing the issue through an over-the-air software update, offering the fix for free to affected owners.