Tesla Inc started delivering its $59,990 Dual Motor All-Wheel Drive Cybertruck to early customers this month, marking the arrival of the electric vehicle maker's most affordable Cybertruck variant yet. The deliveries fulfill orders placed during a limited ten-day window in February when Tesla briefly offered the lower-priced trim before raising the price to $69,990. The milestone comes about 2.5 years after Tesla's first Cybertruck deliveries and more than six years after CEO Elon Musk unveiled the stainless-steel electric pickup on November 21, 2019, with an initial starting price promise of $39,990.
Multiple social media users confirmed they received their vehicles in the past few days. Posts and videos shared on social media show new owners taking possession of the trucks, with many noting the return of cloth seats and other cost-saving features that distinguish this trim from higher-end versions.
Tesla Delivers $59,990 Cybertruck After 2.5-Year Wait
Tesla CEO Elon Musk first revealed the angular, stainless-steel electric pickup on November 21, 2019, promising three variants starting as low as $39,990. At the onset of deliveries, the vehicle was priced above Musk's initial promises. The company commenced deliveries with premium Foundation Series vehicles priced around $100,000.
Tesla Opened February Discount Window for Ten Days
Tesla launched the $59,990 variant for a limited period in February. The company allowed potential buyers to order the low-priced trim for ten days, after which the price was raised to $69,990. Orders placed during that window carried estimated delivery dates as early as June 2026. Currently, ordering the cheapest Cybertruck results in delivery only in 2027.
Cybertruck Remains Low-Volume Production Model
Cybertruck is among Tesla's low-volume production models, unlike the more popular Model 3 and Model Y. The company recently phased out production of its other premium offerings Model S and X. During Tesla's fourth quarter earnings, the company clarified that it has no intention to discontinue the Cybertruck, saying that the truck is performing well in its own segment.
Retail Traders Watch SpaceX Nasdaq Listing Impact
On Stocktwits, retail sentiment around TSLA stock fell from 'neutral' to 'bearish' territory over the past week, while retail chatter fell from 'normal' to 'low' levels. Stocktwits users are watching for the impact of SpaceX's expected listing on Nasdaq this week on Tesla's share price. SpaceX, founded by Tesla CEO Elon Musk, is expected to list on June 12 at a valuation of $1.77 trillion.
According to data from Koyfin, 23 of the 47 analysts covering TSLA rate it Buy or higher, while 18 rate it Hold and 6 rate it 'Sell' or 'Strong Sell.' The 12-month average target on the stock is $419.94, representing a potential upside of about 10% from the last close. TSLA stock has fallen by about 13% this year, owing to delays in unveiling the company's new Roadster vehicle and production version of its humanoid robot Optimus, among other factors.
FAQ
What is the price of Tesla's cheapest Cybertruck variant?
Tesla offered a $59,990 Dual Motor All-Wheel Drive Cybertruck during a limited ten-day window in February. After that period, the price was raised to $69,990. Orders placed during the February window are now being delivered this month.
When is SpaceX expected to list on Nasdaq?
SpaceX, founded by Tesla CEO Elon Musk, is expected to list on Nasdaq on June 12 at a valuation of $1.77 trillion.
