Is the Tesla Cybertruck Price Also Going to Go Down?

Tesla Price Cuts and the Cybertruck: Will It Go Down In Price?

Tesla continues to cut the prices of their vehicles, with the Model 3 RWD in the United States now costing $41,990. Soon, this vehicle will be below $40,000 because it has to be - it just had its tax credit halved from $7,500 to $3,750 due to its battery being made by CATL in China.

This begs the question: What will the price of the Tesla Cybertruck be? The best comparison for this should be the Model S AWD, which Tesla is currently selling for $84,990. This vehicle was Tesla's transformational vehicle that started to put them in the spotlight from the original Tesla Roadster.

The Model S AWD has 405 miles of range and goes 0 to 60 mph in 3.1 seconds. This is similar to what the Cybertruck will have. The Model S is a premium luxury sedan. The Cybertruck will be a very nice truck, but I wouldn't call it a luxury truck.

The Cybertruck will have the advantage that it is made with stainless steel that is not bent. This is important. It will not have paint, this is also important. This will reduce the cost of this vehicle. The Cybertruck will also be made in Giga Texas, a more modern factory for Tesla. This will also reduce costs.

Let's take a look now at what the Cybertruck will cost.

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What Will the Final Price of the Cybertruck Be?

To see what the Cybertruck will cost, using the Model S AWD is a nice start because it will have similar specs. The Cybertruck will probably have around 400 to 500 miles of range for its tri-motor or quad-motor variant. This is the version of the Cybertruck that most people will care about, in my opinion.

Let's also take a look at the Ford F-150 Lightning EV to see what it costs to get a rough idea of what the Cybertruck will cost. It starts at $59,974 with 240 miles of EPA range. If Tesla produces a dual-motor Cybertruck, I think it will be around this price or a little less and have 250 to 300 miles of range.

There is also a Platinum For F-150 Lightning and it starts at $98,074. This has a dual eMotor with extended range. The range of this vehicle is 320 miles of EPA range.

In my opinion, Tesla is going to beat this truck both in price and performance and range. I see the tri-motor or quad-motor Cybertruck being the following at this point:

* Price: $79,900
* Range: 400 miles EPA range
* Motor: tri-motor
* Horsepower: 700

This makes it about $20,000 less than the highest end Ford F-150 Lightning. I'm looking forward to seeing what the final specs are, but I think they will be in this range. What do you think the final price and specs of the Cybertruck will be?

In Related News: Tesla Model Y is Big Savings For Police Departments

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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.

Image Credit, Tesla, Screenshot