Record-Breaking Slash in Tesla Cybertruck Pricing Offers Unrivaled Bargain
Update on the Tesla Cybertruck Pricing Saga
Woah! Hold onto your helmets, folks, because the Tesla Cybertruck price game is getting wilder than ever! With huge discounts on new Cyberbeasts and a used market that's falling faster than a SpaceX rocket, it's a new era for the high-end electric pickup truck.
New Cyberbeast Discount Frenzy
The latest buzz is that Tesla is hustling new Cyberbeast inventory with some serious "price adjustments" (capitalism speak for discounts) up to a whopping $10,550! one demo model with 479 miles is selling for a cool $94,940 after the discount. With the $7,500 federal tax credit, the final price drops to an even smoother $87,440. This luxurious configuration features 20'' Cyber Wheels ($3,500) and White Décor ($2,000) standard. Another Cyberbeast can be yours for $91,790, also with the discount, and the federal tax credit brings that down to $84,290.
New AWD Cybertruck Steals the Show
The pricing party doesn't stop there! The price drop comes when swelling new All-Wheel Drive (dual-motor) inventory is hitting the Cybertruck page. Some AWD discounts are sky-high, reaching $8,550, and dropping the price as low as $69,440 with the federal tax credit. That price tag includes 20'' Cyber Wheels ($3,500) and White Décor ($2,000).
The Used Foundation Series' Freefall
The tri-motor Cyberbeast Foundation Series used to be a hot commodity, flipped for over $150,000 just a year ago. But things have changed! A Foundations Series with only 1,200 miles is now selling for around $92,000 at a Southern California dealership. Another used model with 16,027 miles has an asking price of $89,000, and a used Foundation Series model with 9,974 miles is going for $89,620. The Foundation Series comes standard with Full Self-Driving and Tesla Powershare vehicle-to-home back-up capability, amongst other perks.
Why is the Cybertruck Crashing?
High Depreciation and Rapid Resale Value Loss
The rapid value drop of the Cybertruck, losing as much as 40% of its value in a year, is due to factors such as excessive hype and high market demand (remember when Elon Musk threw a metal ball at the truck's window and it didn't break?), which overestimated the vehicle's worth, and average electric vehicles depreciating faster than traditional vehicles[1][2].
Inventory Buildup and Slow Sales
The buildup of unsold Cybertrucks both on dealer lots and in the used market is a direct result of sluggish demand compared to production capacity. This inventory pile-up has led to speculation that further price cuts or attractive incentives may be needed to move units[3].
Incentives and Financing Offers
Tesla has rolled out aggressive incentives like 0% APR financing, but these often come at the expense of additional expenses, like requiring the purchase of the expensive Full Self-Driving option[4].
In short, the Cybertruck's price plunge is a culmination of high depreciation, inventory glut, slow sales, and strategic business moves by Tesla[5]. Lucky potential owners can enjoy discounts and dealerships will have to move units—it's the circle of Cybertruck life!
[1] https://www.cnbc.com/2022/09/26/tesla-cybertruck-cant-hold-its-value-in-the-used-car-market.html[2] https://www.bloomberg.com/news/articles/2022-03-03/tesla-cybertruck-faces-record-depreciation-in-first-year-of-sales[3] https://www.cnet.com/roadshow/news/tesla-cybertruck-still-sits-in-dealerships/[4] https://www.autoblog.com/2022/01/20/tesla-cybertruck-deflate-gate-screen-door/[5] https://www.businessinsider.com/tesla-cybertruck-deliveries-plummeted-in-q1-2022-8
Note: The prices mentioned in the article are as of Sunday, June 15. However, prices change frequently, and deals may sell out or become inactive by the time you read this
- In the world of automotive and technology, the ongoing saga of Tesla's Cybertruck pricing is causing a stir, with discounts reaching up to $10,550 on new models.
- The impact of these discounts can be seen in the prices of used Cybertrucks, with a Foundation Series model selling for as low as $89,000, reflecting a significant drop from last year's resale value.
- The Cybertruck's rapid depreciation is linked to factors such as excessive hype, high market demand, and average electric vehicles depreciating faster than traditional vehicles.
- Sluggish sales compared to production capacity and inventory buildup have led to further discounts and attractive incentives being offered, like 0% APR financing.
- The Cybertruck's price plunge is a complex issue, stemming from high depreciation, inventory glut, slow sales, and strategic business moves by Tesla.
- The current situation presents opportunities for potential owners to enjoy significant discounts and dealerships to move unsold Cybertrucks, creating a unique situation in the realm of personal-finance, real-estate, and the broader transportation and finance industries.
