
Tesla has stopped accepting orders for the $61,000 version of its Cybertruck, shifting its focus to the higher-end $100,000 model, which is now available for immediate delivery.
This decision comes as Tesla manages the demand and supply dynamics of its much-anticipated electric truck. The company, led by CEO Elon Musk, initially reported over 1 million reservations for the Cybertruck, but some customers are now reconsidering due to the higher prices and lower-than-expected driving ranges of the available models.
The $61,000 version of the Tesla Cybertruck, which was expected to offer a 250-mile range with a targeted 2025 delivery, is no longer listed as an option on Tesla’s website. Instead, the $99,990 dual-motor variant with a 318-mile range is now available for delivery as early as this month, while the $119,990 tri-motor Cyberbeast version, with a range of 301 miles, will be ready for delivery starting in October.
This strategic move suggests that Tesla is betting on higher-priced models to drive profitability, even as it continues to navigate the complexities of producing and delivering the Cybertruck in large volumes. Analysts have noted that while Tesla has sold over 16,000 units of the Cybertruck so far, sustaining high sales at these price points may prove challenging.
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