News
What Tesla Cybertruck pricing could look like based on inflation
Tesla Cybertruck deliveries are set to begin in roughly one month on November 30 at Gigafactory Texas. Although Tesla confirmed this significant detail last week during its Quarterly Earnings Call, the automaker left out a few important details, including available trim levels and pricing.
While NHTSA documents confirmed trim levels just a few days after Earnings last week, pricing still remains up in the air, and there could be several reasons for this.
One could be the uncertainty of market conditions, as Tesla has routinely changed prices in 2023, and announcing a specific cost of each trim now could change by the time deliveries roll around. Another reason is that Tesla could simply be undecided or not ready to announce a price.
This vehicle is so anticipated that it could likely make early reservation holders pay a premium. With uncertainty looming in macroeconomic conditions, the company could try and make the most of the early deliveries.
While the Semi was produced and delivered to its first buyers without a price, we don’t expect Tesla to do the same with the Cybertruck. The Semi is an entirely different vehicle class and not something that will be driven on roads by the everyday person.
Even though pricing has remained relatively out of the public realm since Tesla delivered the first Semi units to PepsiCo. last year, there is no way the company would or could do this with the Cybertruck, a vehicle that has amassed over 1 million orders, CEO Elon Musk said on the Call last week.
Nevertheless, there is data out there that could point us in the right direction, giving us a rough estimate of what the Cybertruck could cost based on the price of full-size pickups in 2019 when the vehicle and pricing for the trims available at that time were announced.
Using data from Kelley Blue Book, the cost of the Cybertruck would have theoretically increased by 30.7 percent. In November 2019, a full-size pickup’s average price was $51,140, not including applied consumer incentives. Over the next four years, leading up to 2023, the cost of pickups has increased every year, except for this year, as the average cost of a new truck decreased by about $1,500 from 2022.
The most recent KBB data available is for September 2023, when Full-Size Pickups landed at an average transaction price of $66,841.
When Tesla announced the Cybertruck in 2019, there were three trims: Single, Dual, and Tri-Motor. They were priced at $39,990, $49,990, and $69,990, respectively. With only the Dual and Tri-Motor configurations still standing, we can calculate what the Cybertruck would cost today in a perfect world.
With the 30.7 percent increase in new, full-size pickup prices since 2019, the Cybertruck would, in a perfect world, cost:
- Dual Motor – from $49,990 in 2019 to – $65,336.93, an increase of $15,346.93.
- Tri Motor – from $69,990 in 2019 to – $91,476.93, an increase of $21,486.93.
Of course, this is in no way a confirmation of Tesla’s pricing, as it could have many other things factored into the cost, especially as the vehicle has changed in sizing and design over the past four years.
The price of the Cybertruck has been highly speculated since Tesla removed pricing from the Online Design Studio a few years ago, as it was still mulling over potential configurations.
It has not stopped people from posting things on social media stating they have been contacted by Tesla and given a price for their Cybertruck reservations, either.
Hmm… is the Tri-Motor Performance Cybertruck pricing set? $98,990 before FSD and the usual taxes & delivery fees… wow that’s a lot of coin. pic.twitter.com/uQyvH0NxR9
— ?TACOS +⚡️TESLAS (@TacosandTeslas) October 24, 2023
Tesla will likely start contacting reservation holders soon to set up their delivery, as the first units will be handed over at a delivery event at Gigafactory Texas.
How much do you think the Cybertruck will cost? Let me know your estimates! Email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.
Elon Musk
Brazil Supreme Court orders Elon Musk and X investigation closed
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
Brazil’s Supreme Federal Court has ordered the closure of an investigation involving Elon Musk and social media platform X. The inquiry had been pending for about two years and examined whether the platform was used to coordinate attacks against members of the judiciary.
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
According to a report from Agencia Brasil, the investigation conducted by the Federal Police did not find evidence that X deliberately attempted to attack the judiciary or circumvent court orders.
Prosecutor-General Paulo Gonet concluded that the irregularities identified during the probe did not indicate fraudulent intent.
Justice Moraes accepted the prosecutor’s recommendation and ruled that the investigation should be closed. Under the ruling, the case will remain closed unless new evidence emerges.
The inquiry stemmed from concerns that content on X may have enabled online attacks against Supreme Court justices or violated rulings requiring the suspension of certain accounts under investigation.
Justice Moraes had previously taken several enforcement actions related to the platform during the broader dispute involving social media regulation in Brazil.
These included ordering a nationwide block of the platform, freezing Starlink accounts, and imposing fines on X totaling about $5.2 million. Authorities also froze financial assets linked to X and SpaceX through Starlink to collect unpaid penalties and seized roughly $3.3 million from the companies’ accounts.
Moraes also imposed daily fines of up to R$5 million, about $920,000, for alleged evasion of the X ban and established penalties of R$50,000 per day for VPN users who attempted to bypass the restriction.
Brazil remains an important market for X, with roughly 17 million users, making it one of the platform’s larger user bases globally.
The country is also a major market for Starlink, SpaceX’s satellite internet service, which has surpassed one million subscribers in Brazil.
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Brazil Supreme Court orders Elon Musk and X investigation closed
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
