Tesla recently initiated deliveries of the much-anticipated Cybertruck, featuring a starting price of $60,990. Elon Musk, the CEO, envisions the Cybertruck as a superior option in both the truck and sports car categories. Despite the initial base model cost surpassing Musk’s 2019 estimate of $40,000, it aligns with Wall Street projections, according to Wedbush.

The base model, priced at $60,990, is set to hit the roads in 2025, boasting a 250-mile range and a 6.5-second zero-to-60 speed. For the all-wheel-drive variant, deliveries begin in 2024, offering a 340-mile range and a quicker 4.1-second zero-to-60 speed. The top-tier “Cyberbeast” model, with an estimated 320-mile range, 11,000-pound towing capacity, and an impressive 2.6-second zero-to-60 speed.

Following the launch event in Austin, TX, Musk did not specify fiscal 2024 delivery targets, but Wedbush anticipates 2,000 to 3,000 deliveries this quarter. Despite production challenges, the first quarter with 10,000 units is expected in the first half of next year.

“While not a significant financial driver for Tesla in 2024, the Cybertruck underscores Tesla’s innovation and industry leadership,” noted Wedbush, emphasizing Tesla’s unique position in contrast to competitors facing production challenges.

Conclusion:

In conclusion, Tesla’s Cybertruck launch marks a bold leap in automotive innovation, reinforcing Tesla’s industry leadership.