Thanks detective Bit

 

2024 Cybertrucks now have price reductions


Cyberbeast: $5,000 reduction, now $94,900
AWD: $4,000 reduction , now $75,940


Anyone else denying there is a major demand problem for the cybertruck are deluding themselves. Why are 2024s still sitting with no buyers? I believe only the 2025 AWD qualifies for the tax credit so technically a 2025 will be cheaper if you qualify. However, if demand was as high as some say then 2024s should have all been sold already, especially the Cyberbeast that doesn't qualify for the tax credit whether its a 2025 or 2024.

 

with the current administration preference for ICE, I would think logically this deal should get cancelled and a new contract for ICE armored vehicles if the Administration remains consistent.

I wonder what the range hit would be of an armored Cybertruck...or perhaps Tesla would have added more batteries? Would be interesting to see how it looks and works.

 

Tesla has a history of price reductions, so you're surprised? Really?? I don't think the Cyber Truck was ever intended to replace mainstream trucks, it was a vanity project. I'm actually surprised something so ugly sells in the numbers it does, at those prices, and how it outsold every other electric truck on the market. For me, the benefits of the Cyber Truck are it's tech, 48v architecture and rear wheel steer which will hopefully make it to future Tesla's

 

I didn't say I am surprised at the price reductions. I think its an obvious indicator of demand being much lower than expected.

The CEO himself claimed he expects Cybertruck sales to reach 250k to possibly 500k units per year once fully ramped. If it reached those sales numbers it would certainly be considered mainstream.

I am surprised at how low the first year sales were compared to how many were reserved and the pent up demand over a span of 4 years.

 

When it comes to reservations, people tend to jump on the wagon, when the F-150 Lightning came out I reserved one. There were over 200k reservations in 2022, but most of those ended up dropping off when the truck actually came out. So I'm not surprised that so many people didn't follow through after 4 years of waiting. Also, the price was much higher at launch than people were told when they reserved.

I personally think if the price of the CT drops significantly, more people will buy. The Model Y became the best selling car in 2023 because of the price drops, it's the reason I bought one, because it had an almost $10k price cut

 

True, since the majority of the folks reserved on the principle this was going to be delivered for $39k as per the launch. Turns out, just like everything else, if you overpromise and never deliver that reservation money turned out to be a free loan for tesla that eventually got refunded once Tesla could not deliver or the customer decided wth just get something else in the lineup.

Even the single motor thats in the works is launching for $69k. Single motor truck with no fancy offroad kit, no tonneau cover, optional v2h plug. Thats one fancy classic ram 1500 work truck. According to some reports, demand is lower, and Tesla has been rebranding trucks in inventory. They are number one in costs, but I dont think they are have enough wiggle room to push down costs 30k.

 

Absolutely true, I think many people were shocked when the actual pricing was announced, and I'm not surprised so many people backed out. It was the same for me with the F-150 Lightning, when my turn came up and the dealership contacted me, the price was much higher than I was led to believe, and this particular dealership I reserved through had mark-up's on top of that. So I backed out and let someone else take my truck

 

What was the initial price of the Lightning and how much are they?

Tesla truck
Lightning
Silverado EV
Rivian
Hummer truck

If you wanted an EV truck, what’s the best one? Best bang for the buck?

 

The current pricing of the F-150 Lightning is between $49,875 and $87,090 for the top trim. I don't remember the initial pricing, that was back in 2021 when I placed the order, and it was for the bigger battery. If I remember, it was coming out to about $80k after the dealer markup. I was looking more to pay around $60k.

If I was in the market for an EV truck, it would probably be the Lightning. I also like the R1T, but my brother in law's sons wife has one and has had some issues with hers. The Lightning is by far the most comfortable truck I've driven, although the only other EV truck I've driven is the R1T

 

Ford absolutely delivered $39K Lightning Pro models. If you were in the first order batch you were price protected, and they honored the 39K price for deliveries that got delayed. The price relatively quickly went up, but Ford did deliver 39K Lightnings. Rivian I think also honored some promised launch pricing and deserves credit as well. No one else did. But if you were in the first round of orders and you ordered a Pro it was 39K.

 

Also, there have been around 75,000 Lightings sold to date plus some in other markets. So pretty good in relation to 200,000 reservations..

 

I wasn't in the first batch, also I wanted the bigger battery pack, which wasn't $39k. And I think I talked to you about this, the dealer I selected had marked it up, I had no idea at the time Ford had price protections, but the caveat was you had to pick up in certain time frame. Many Ford dealers played all kinds of games, an example is a friend who purchases one of the early Mach-e. He was promised price protection by Ford, but when it arrived at the dealership, they conveniently didn't notify him. He found out after contacting Ford that it was sitting on the dealership lot. It happened to be the last day he could pick it up before they could sell it, and when he arrived they had already printed out a window sticker with a $10k mark-up in anticipation he wouldn't arrive in time. This was the Ford dealership in Oakland

 

Mine (and my Bronco, as both were delivered in the midst of the COVID ADM-fest) were at MSRP as the dealer in Morgan Hill never added them, and as a 2022 delivery I also got the tax credit under the old rules despite otherwise failing all the tests.

 

I remember you told me that, if I had known I would have no issue driving to Morgan Hill. Unfortunately, the dealership I had selected was Mission Ford, and they absolutely marked it up. I'm sure if I had contested it with Ford they would have removed the ADM, but my interests had moved to smaller car, the Polestar