Tesla (Temporarily) Drops Cybertruck Pricing, With the Dual-Motor Now Under $60K

Tesla Cybertruck
(Images: Tesla)

Tesla is offering a lower-spec Dual Motor All-Wheel Drive model for $20K less than its Premium AWD offering.

The Tesla Cybertruck is just as electric and just as angular as ever, but it’s now become more affordable…at least for the next few days. The automaker temporarily dropped the price by $20,000 from the previously available options, to $59,240. That pricing is only available through February 28, though CEO Elon Musk did signal that pricing after that point would depend on demand during the promotional period.

So, what do you lose on the base Dual-Motor All-Wheel Drive Cybertruck, versus the premium model? Where does that $20K go? Well, the base model no longer gets adaptive air suspension or adjustable ride height, nor does it get the “premium interior” or a the 9.4-inch second-row display. It also loses the Premium bed package, though you do still get a motorized tonneau cover and three bed-installed power outlets. The base Cybertruck gets textile seats, as well as a different wheel (or at least wheel cover) design to the Premium AWD and the tri-motor Cyberbeast.

Tesla also notes a 3,500-pound loss in towing capacity, down to 7,500 pounds from 11,000, but the range and 0-60 time remain the same, suggesting similar power to the Premium.

Speaking of which, Tesla set up the current price stack to increase in nice, neat $20,000 intervals from that base model. So, if you want a Premium Dual-Motor AWD, that’ll cost you $79,240. The Cyberbeast, still sitting at the top of the range, will come in at $99,240. That’s a $15,700 drop from its most recent pricing, though we’ll have to see if Tesla shifts the cash prices yet again in the coming days, and by how much.

All three prices on Tesla’s Cybertruck trims undercut the Rivian R1T (it’s almost as if they planned that), while coming closer to another major rival in the class, the Chevrolet Silverado EV.

Will a $20,000 price cut (if only brief) convince you to pick up a Tesla Cybertruck, if you haven’t already? How will the price-cut models impact resale values for those who already bought into Tesla’s offering? That last question is something owners frequently face, as the company regularly adjusts pricing throughout the year in either direction. So, apart from the FOMO (fear of missing out) factor, it’s a bit of a guessing game whether you’re buying in at the high or low-point of the market, when pricing does shift this dramatically.