Oliver Haslam·

Elon Musk Confirms That Tesla’s Cybertruck Is Getting More Expensive

Tesla’s Cybertruck, an electric vehicle that was announced in 2019 with an expected price of $39,900, is set to be more expensive than that when it eventually goes on sale.

That’s according to CEO Elon Musk when speaking at the company’s annual shareholder meeting.

Musk says that the specifications and the final price of the Cybertruck “will be different’ than what was originally announced, going on to say that “a lot has changed” since 2019. The current rate of inflation is thought to be one of the reasons, something that was to be expected given the three years that potential buyers have been waiting to get their hands on the truck.

The Cybertruck has missed production deadlines multiple times and it’s now slated to begin production by “the middle of next year.” By that time there will be plenty of competition in the electric truck space, with Ford and Rivian particularly strong in that market.

While we don’t yet know how much the Cybertruck will wind up costing, it’s also unclear what versions Tesla will actually offer. The single-motor, $39,900 version was supposed to have 250 miles of range, 7,500-pound towing capacity, and more.

What that version will cost, if it ever ships, remains to be seen. We can expect the range-topper, a $70,000 monster capable of 500 miles of range and hitting 60mph in less than three seconds, to see a sizeable bump in price, that’s for sure.

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