The $40,000 Tesla Cybertruck Isn’t Happening, according to Elon Musk.

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When it was first introduced, the Tesla Cybertruck undoubtedly caused a stir due to the divisive appearance of its design as well as the bold performance claims that were made by Elon Musk. Even going so far as to publish a video showing a Cybertruck easily besting a Ford F-150 in a tug-of-war competition, Tesla went all out on this one. Aside from its performance antics, the Cybertruck’s manufacturer suggested retail price was the most astounding number. When Tesla initially established the pre-order webpage for the truck, the starting pricing for the single-motor model was advertised as $39,900.

However, in October of 2021, Tesla withdrew that price off the order site for the Cybertruck. Instead, they maintained the opportunity to make a deposit of one hundred dollars in order to reserve an order, and they stated that production would begin in 2022. We are all aware by this point that this did not occur, and the launch of the Cybertruck was further delayed as a result. Despite the fact that the $39,900 pricing was removed from the website, reservation holders for the Cybertruck undoubtedly believed that the EV would maintain a price tag of less than $40,000. However, it would appear that those hopes are unfounded.

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A shareholder who identified themselves as Blake P. asked a question during the Q&A session of the annual stockholder meeting held by Tesla. The question can be viewed in its entirety at this link:

asked, “When the cost for the Cybertruck is announced, will those customers who ordered before the website was taken down be grandfathered in, or will they have to reconfigure?”

Must have said, “Since the announcement of the Cybertruck in 2019, a great deal of change has taken place. The details and the cost will be different; I’m sorry to be the bearer of such unfavorable information.” After that, Musk went on to talk about inflation in the economy and the “many challenges” related with it. Taking into consideration both this and the fact that Tesla has never been successful in reducing the cost of any of its vehicles, it is safe to assume that “different” means “more expensive.”

The $40,000 Tesla Cybertruck Isn't Happening, according to Elon Musk.
The $40,000 Tesla Cybertruck Isn’t Happening, according to Elon Musk.

It is also essential to note that Musk did not provide a straight response to the question that the shareholder had asked about early reservation holders being guaranteed the initial 2019 rate. As a direct consequence of this, it is now impossible to predict who, if anyone, will purchase a pickup truck with a price tag of $40,000.

Musk made an attempt to soothe the anxieties of Cybertruck reservation holders and stockholders by claiming that the electric vehicle (EV) will be a “damn fine machine.” He also provided an update on the manufacturing process, in which he stated that the Cybertruck is on track to begin production in the Texas Gigafactory around the middle of 2023 and that the tooling would be put in place within the next few months. This information was included in the manufacturing update. As a direct consequence of this decision, the goalposts and the end zone of the Cybertruck competition have both been moved to new locations for a second time. The new location for the end zone is more expensive.

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