Tesla has finally revealed the pricing, range, trims, and other specifications of the Cybertruck at its delivery event at Gigafactory Texas today, as it handed over the first units to customers on Thursday afternoon.
After four years, Tesla finally made the first deliveries of the Cybertruck in what will be remembered as a historic day for the automaker. Now that the event is official, we finally have concrete details on how much the Cybertruck costs, what its range is, the trim levels it decided to roll with for the early builds, and other important specs that customers have waited for.
Tesla Cybertruck Pricing and Trims
The Cybertruck was initially priced at $39,990, $49,990, and $69,990 across Single, Dual, and Tri-Motor trim levels when it was first unveiled four years ago. Since then, a lot has changed.
Now, Tesla is rolling with [trim levels], and they are priced as follows:
- Tri-Motor “Cyberbeast” – $99,990
- Dual-Motor All-Wheel-Drive – $79,990
- Rear-Wheel-Drive – $60,990
This is more than what was initially unveiled, but it is understandable considering macroeconomic changes in the four years since. Additionally, Tesla still was able to offer its pickup at a pricing point that is highly competitive with other electric pickups on the market.
Tesla Cybertruck Range
Range was perhaps the biggest and most anticipated factor for many potential Cybertruck buyers. Early on, Tesla claimed the Cybertruck would have 500 miles of range with its Tri-Motor configuration, 300 miles with the Dual Motor, and 250 miles on the Single Motor.
Over the past few weeks, we’ve seen some interesting range estimations based on those who have gotten their hands on the truck. Yesterday, the Tesla community was mulling over MKBHD’s Cybertruck cabin image that showed 265 miles of range with one of the ten indicators shaded out, meaning it had between 81 and 90 percent of its range remaining.
However, Tesla confirmed that the range will be the following:
- Tri-Motor “Cyberbeast” – 320 miles (+Range Extender to 440+ miles)
- Dual-Motor All-Wheel-Drive – 340 miles (+Range Extender to 470+ miles)
- Rear-Wheel-Drive – 250 miles
Other Specs and Features
Tesla developed an in-house stainless steel alloy that was designed to be incredibly durable and cannot be bent. Tesla showed its strength by releasing the video of numerous firearms attempting to penetrate the vehicle’s body, which it was able to deflect, protecting all of those who will sit inside of it.
Feat of Strength 1: Shots fired pic.twitter.com/aPfpQuMXvc
— Tesla (@Tesla) November 30, 2023
The Cybertruck has an 11,000-pound towing capacity, which Tesla flexed by showing video of it hauling SpaceX equipment. Additionally, the bed is covered with strong composite materials and does not need a liner, Musk said.
The Cybertruck also completed a 40,000-pound pull at 318 feet, beating a Rivian R1T, Ford F-150 Lightning, and Ford F-350 Diesel.
Feat of Strength 2: Truck pull pic.twitter.com/senCV4YhTe
— Tesla (@Tesla) November 30, 2023
Tesla also added adjustable ride height features to “drive over basically anything,” and thanks to its 17-inch ground clearance, the pickup has “insane off-roading capability.”
Steer-by-wire was also added as a capability, making driving easier in tight spaces. Steer-by-wire has high capability, low-speed maneuverability thanks to the addition of this feature.
In terms of performance, Tesla put the Cybertruck up against a brand new 2023 Porsche 911 to test the pickup’s quarter-mile capability. The Cybertruck was able to beat the vehicle while towing another Porsche 911 simultaneously, an impressive feat in terms of speed, acceleration, and power.
Feat of Strength 3: Cyberbeast (0-60 in 2.6s) pic.twitter.com/q0cK9zb21D
— Tesla (@Tesla) November 30, 2023
Acceleration metrics are listed as:
- Tri-Motor “Cyberbeast” – 0-60 MPH in 2.6 seconds
- Dual-Motor All-Wheel-Drive – 0-60 MPH in 3.9 seconds
- Rear-Wheel-Drive – 0-60 MPH in 6.5 seconds
After four years of patiently waiting, the Cybertruck is finally here! Tell us what you think about it and what Tesla revealed to us in the comments below.
Don’t hesitate to contact us with tips! Email us at tips@teslarati.com, or you can email me directly at joey@teslarati.com. I’m also on X @KlenderJoey
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
