New Model Y and Model 3 price increases are to blame.
It's been nearly two years since the Tesla Cybertruck made its debut as a dramatic prototype that promised to take the truck segment by storm. Since then, it's been more of a hazy fog than a perfect storm; the hype for the truck has died down somewhat as there's simply no telling exactly when it may arrive, although the current Tesla reservation site indicates that production will begin in 2022. This follows the finalization of the truck's design earlier this year. But there's a new reason that shoppers may want to get their hands on the electric pickup. Right now, it's officially the most affordable Tesla you can buy following new price increases for the Model Y and Model 3. As for Tesla's promised $25,000 EV, it's likely still years away.
The rear-wheel-drive, single-motor Cybertruck costs $39,900. By comparison, the Tesla Model 3 Standard Range Plus now costs $41,990 and the Model Y Long Range retails for $54,990. After the base Cybertruck, you'll have to cough up $49,900 for the dual-motor all-wheel-drive model or $69,900 for the tri-motor AWD version. Of course, with Tesla known for sudden and frequent price increases, the Cybertruck may end up costing more by the time it actually arrives. In June, Tesla sneakily raised the price of the Model S Plaid by $10,000 just before the high-performance sedan made its debut.
For now, the Cybertruck's unexpected distinction as the most affordable Tesla may only ever exist on paper. For the record, the base Cybertruck has a range of around 250 miles, a towing capacity of 7,500 pounds, and a 0-60 time of below 6.5 seconds. The $10,000 pricier dual-motor AWD model adds another 50 miles of range and cuts two seconds off the sprint time. Finally, the insane tri-motor model will hit 60 in below three seconds. Will Tesla keep pricing for the Cybertruck the same until it actually appears in showrooms? We wouldn't bet on it. But for now, potential Model 3 and Model Y customers may just have a new reason to pause for thought before committing to their purchase.