Tesla halts orders for cheapest Cybertruck (NASDAQ:TSLA)

Tesla (NASDAQ: TeslaFord Motor Co. is no longer taking orders for the less expensive version of its Cybertruck, which costs $61,000, according to its website, as the electric carmaker prioritizes the more expensive versions of the lineup.

Instead, the company led by Elon Musk is making The $99,990 dual-motor version, with a range of 250 miles, is available for delivery early this month. The $119,990 tri-motor model, with a range of 301 miles, is available for delivery starting in October.

Tesla’s (TSLA) bet on more expensive Cybertrucks contrasts sharply with Musk’s previous plans for the vehicle, which is known for its trapezoidal exterior design. In 2019, the billionaire entrepreneur estimated that the truck It will cost $40,000. You can travel 500 miles or more on a single charge.

However, the Cybertruck became the best-selling electric truck in the United States in the second quarter of 2024 as its production more than tripled, Tesla (TSLA) said in July, noting that the company plans to achieve profitability for the product lineup by the end of the year.