The first Cybertruck has already rolled off the production line at Giga Texas, and the first deliveries are expected to take place within a couple of months. Despite this, we still don’t know what to expect in terms of the Cybertruck’s features, or even its starting price. Tesla CEO Elon Musk may have given a hint about the latter following the announcement that Ford was slashing prices on its electric pickup truck, the F-150 Lightning.
As we told you earlier today, prices for the Lightning were cut by as much as $15,000 in Canada and nearly $10,000 in the US. According to Ford they were able to drop the prices due to an upcoming production ramp which will see the annual capacity increase to 150,000 units. In the US the Lightning is now priced between $49,995 and $91,995, depending on the variant.
When the Cybertruck was first announced, its prices ranged from $39,990 to $69,990 for the three variants that were initially offered (single motor, dual motor, tri motor). With nearly four years passing since that announcement, Tesla has removed pricing for the Cybertruck, and also said a new quad motor variant will be offered, but as of today we still don’t know how much it will cost to own one.
With the inflation and the increases in materials costs since then, many are expecting Cybertruck pricing will be well above what was initially announced, but that may not be the case. In a tweet this morning Musk said the Lightning is “somewhat expensive,” while at the same time calling it a good EV.
The Ford Lightning is a good vehicle, just somewhat expensive, especially given the high interest rates these days for any kind of loan
— Elon Musk (@elonmusk) July 17, 2023
Given this statement, and the fact the Lightning now starts at $49,995 in the US, Tesla may be able to pull off the impossible and still price the Cybertruck under $50,000. That would more than likely be for a lower trim in the lineup, meaning the higher trims, one of which is expected to be the launch trim, could be priced closer to the $70K mark, lower than many people expected.
Using a straight exchange rate, that puts potential Canadian pricing starting at around $90,000 if you want to own the first variant off the line from Giga Texas.
What do you think the Cybertruck will be priced at? Let us know in the comments below.
