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Tesla Cybertruck lands EV tax credit as discount remains in limbo

Credit: diagnosticdennis/Instagram and @smile__no via Tesla Owners of Santa Clarita Valley/X

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Tesla has landed a huge break for the Cybertruck as the company announced that the all-electric pickup truck now qualifies for the IRA EV Tax Credit, enabling more affordability and accessibility for consumers.

However, it is uncertain whether the tax credit will be sticking around as the Trump Administration has leaned toward axing the discount.

The company has been anticipating the tax credit to take effect for the Cybertruck for some time.

In its Q4 2024 Earnings Shareholder Deck, Tesla said it was still expecting the Cybertruck to qualify, but it did not confirm that it was going to be available for the pickup quite yet:

“We expect Cybertruck to be eligible for the IRA consumer tax credit, helping to improve affordability and access for even more customers.”

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However, on Monday night, Tesla officially confirmed the vehicle was qualified for the IRA EV tax credit of $7,500, bringing its introductory price down to $72,490:

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The tax credit now applies to nine vehicles across Tesla’s fleet. They are:

  • Tesla Cybertruck – Dual Motor
  • Tesla Cybertruck – Single Motor
  • Tesla Model 3 Long Range All-Wheel-Drive
  • Tesla Model 3 Long Range Rear-Wheel-Drive
  • Tesla Model 3 Performance
  • Tesla Model X All-Wheel-Drive
  • Tesla Model Y Long Range All-Wheel-Drive
  • Tesla Model Y Long Range Rear-Wheel-Drive
  • Tesla Model Y Performance

The EV tax credit has been a hotly contested issue since the Trump Administration took over. Many believe that President Trump will eliminate the tax credit, which stood to be a disadvantage for EV companies everywhere.

However, some analysts and even CEO Elon Musk have said Tesla stands to benefit from the elimination of the EV tax credit, as other manufacturers are too reliant on the $7,500 discount to sell units.

Tesla, on the other hand, has such reliable tech and a vehicle that truly encapsulates the modern style that the tax credit will only impact it slightly.

Dan Ives of Wedbush said:

“In line with our thoughts over the past few weeks Tesla has a scale and scope that is unmatched and while losing the EV tax credit could also hurt some demand on the margins in the US, this will enable Tesla to further fend off competition from Detroit as pricing/scale/scope is an apples to oranges when compared to the rest of the auto industry once the EV tax credit disappears.”

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For now, it remains intact. Whether the credit will remain still is uncertain as the Trump Administration mulls spending and where cuts can be made.

Need accessories for your Tesla? Check out the Teslarati Marketplace:

Please email me with questions and comments at joey@teslarati.com. I’d love to chat! You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Tesla Robotaxi makes major expansion with official public app launch

Tesla officially announced on early Thursday morning that its Robotaxi suite is officially public, launching its separate Robotaxi app to iOS users for the first time, allowing them to test out the driverless ride-hailing platform.

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Tesla has made a major expansion with its Robotaxi platform, marking its official public launch of the app for iOS users.

Tesla has had an active Robotaxi program for two and a half months now, launching it for the first time in Austin, Texas, in late June.

It was not a public beta, as the company extended invitations to a select group of relevant influencers and media in the space, aiming to keep things relatively private until confidence in its performance was established.

Over the past ten weeks, Tesla has expanded its fleet size, its geofence, and its list of invitees on several occasions. However, it was still not offering rides to anyone on the street. That has changed.

Tesla officially announced on early Thursday morning that its Robotaxi suite is officially public, launching its separate Robotaxi app to iOS users for the first time, allowing them to test out the driverless ride-hailing platform:

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Once you download the app, you will be put on a waitlist to enter the company’s list of riders. It seems that the earlier you download and join, the sooner you will be able to test one of the company’s driverless Model Y vehicles in the city.

The expansion of the app marks a major achievement for Tesla in the sense that the company is confident to begin allowing more riders to utilize the platform. It may also be looking for a more local consumer base, as many users of the app do not reside in Austin. Tesla may hope to attract more daily users who would utilize Robotaxi for their commute to work, rides to dinner and social events, and other regular uses.

In its nearly three months of operation, Tesla has expanded the Robotaxi geofence in Austin on three occasions, with the most recent bringing the Service Area to 190 square miles.

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Tesla Robotaxi geofence expansion enters Plaid Mode and includes a surprise

The most recent growth included new territories, including Giga Texas, the company’s manufacturing facility, Austin-Bergstrom International Airport, and freeway driving for the first time.

Freeways are where Tesla has taken a slightly different approach, as it will be moving the safety monitor to the driver’s seat for those trips for the time being.

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Tesla’s next-gen Optimus prototype with Grok revealed

The video shows a new Optimus prototype answering questions and taking some very robotic steps, evidently revealing that the next-generation version is in its early stages of development.

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Tesla’s next-generation Optimus robot with AI assistant Grok has been revealed in a new video shared on X.

Tesla CEO Elon Musk was with Salesforce CEO Marc Benioff last night, and it appears the frontman gave Benioff an exclusive look at some upcoming technology.

Tesla talks Semi ramp, Optimus, Robotaxi rollout, FSD with Wall Street firm

The video shows a new Optimus prototype answering questions and taking some very robotic steps, evidently revealing that the next-generation version is in its early stages of development. It features Grok for some additional utility, as it answered questions Benioff asked in the short video.

Here’s what was uploaded to X:

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It appears that there are several big changes to this next-generation version of Optimus, some of which have been discussed by Musk and Tesla in the past.

The first is purely cosmetic, but the gold color that Optimus is wearing in this is a new and fresh look that we have not seen before.

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Perhaps the most interesting change that is evident here is the hands, which are much more detailed than past versions of Optimus:

However, we’re not too sure that these are what will be released with the next-gen Optimus, because they don’t appear to be functional, and they are more reminiscent of mannequin hands than anything.

The hands on Optimus have been a significant part of the program, as they are among the most crucial pieces of equipment on a robot. It needs to be able to perform both delicate and more imposing tasks. Tesla has aimed for Optimus to be able to thread needles or play the piano.

It was one of the most discussed improvements the company mentioned in past comments regarding how it planned to improve from Gen 2 to this next version.

Musk mentioned regarding Optimus:

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“Next-generation Optimus hand, which we have in prototype form, has actuators that have moved to the forearm, just like humans, and they operate the fingers through cables, just like human hands.”

Within Optimus lies a significant opportunity for Tesla to gain considerable strength in terms of market share and valuation.

If Tesla can efficiently develop and deploy the humanoid robot over the next several years, the company stands to gain, as companies will utilize it for tasks that require tedious labor.

Musk recently said Optimus will be a major contributor to Tesla’s valuation moving forward. He believes it will make up roughly 80 percent of the company’s value.

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Elon Musk

Tesla CEO Elon Musk to provide more details for Master Plan Part IV

Musk stated that he would be adding specifics to the plan in a later update.

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Credit: xAI/X

Tesla CEO Elon Musk will be adding more specifics to the recently-released Master Plan Part IV. Musk shared the update on social media platform X amidst conversations about the general nature of the Master Plan Part IV. 

In a conversation on X, Musk responded to a post from Tesla retail shareholder and bull Dave Lee, who observed that the currently released Master Plan Part IV could really just be the introduction to the real plan due to its absence of specifics.

Elon Musk responded, stating that he would be adding specifics to the plan in a later update. “Fair enough. Will add more specifics,” Musk wrote in his post.

Tesla has been following Elon Musk’s Master Plans for decades. The first Master Plan, released in 2006, outlined the company’s path from the original Tesla Roadster to the Model 3, as well as the first steps for Tesla Energy. Master Plan Part Deux, released in 2016, covered the ramp of Tesla Energy, the expansion of Tesla’s vehicle lineup, and the rollout of a Robotaxi service.

Master Plan Part 3 was more ambitious as it was generally an in-depth proposal for achieving a global sustainable entry economy by transitioning to electricity-powered vehicles, homes, and industry, which will, in turn, be powered by renewable energy sources like solar and wind. Master Plan Part 3 also included a five-step plan to accomplish this, allowing the world to transition to a fully electrified future. 

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Master Plan Part IV, which was released a few days ago, focused on automation and artificial intelligence to achieve sustainable abundance. But while the first two Master Plans were very clear and specific and Master Plan Part 3 was very in-depth, Master Plan Part IV was quite general and vague in comparison. It was easy to tell that Optimus would play a big role in the pursuit of sustainable abundance, but apart from that, there were no specifics as to how Tesla intended to achieve its goals.

Fortunately, these specifics would be discussed by Musk in a later update to the plan.

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