Cyber truck unveiled amid price surprises and possible waiver of fines

December 4, 2023

Elon Musk personally handed over the first Tesla Cybertrucks to select customers, including Reddit co-founder Alexis Ohanian and venture capital fund founder Philippe Sarofim. The spectacle, lasting 30 minutes, encapsulated the quintessential Tesla grandeur – an amalgamation of pomp, loud music, VIP guests, and Musk’s charismatic presence.

The Cybertruck’s journey to customers commenced six years after Musk’s initial vision announcement and four years after the first demonstration. However, the Cybertruck’s evolution has seen a substantial increase in pricing compared to Musk’s 2019 declarations.

Contrary to initial expectations, the entry-level Cybertruck will not be available until 2025, priced at $60,990, with a 400-kilometer range on a full charge. The 2024 lineup, starting at $79,990, will feature dual and triple-engine configurations, offering all-wheel drive, a 550-kilometer range, 0-96 km/h acceleration in 4.1 seconds, and a top speed of 180 km/h. The high-end three-engine variant, priced at $99,990, boasts 845 horsepower and a range of approximately 515 kilometers.

In a surprise move, Tesla seems to have abandoned imposing penalties of up to $50,000 on potential Cybertruck resale. The initial order agreement threatened legal action against buyers who resold the vehicle without authorization within the first year, but recent revisions on Tesla’s U.S. order agreement page have removed this clause, hinting at a potential policy shift.

While Tesla has not disclosed the reasons behind these changes, it marks a notable development in the Cybertruck saga. As buyers eagerly anticipate the future of the electric pickup, Tesla’s pricing strategies and policies continue to captivate industry observers and enthusiasts alike.