Tesla Announces Surprise Price Hike Of Quickest Cybertruck Trim Amid $7,500 EV Credit Deadline, Declining Sales

Benzinga

Tesla has raised the price of its top-end Cybertruck variant, the Cyberbeast, from $99,990 to $114,990, according to Benzinga. The move comes as the September 30 federal EV credit deadline approaches. The company attributed the increase to the inclusion of its new Luxe package, which bundles Supervised Full Self-Driving, free Supercharger access, a four-year premium service plan, and connectivity features. The Cyberbeast offers a 0-60 mph time of 2.6 seconds, a 320-mile EPA range, tri-motor all-wheel drive, and upgraded interiors. Tesla faces challenges with slow sales and $200 million in unsold Cybertruck inventory, with trade-ins being accepted less than two years after launch. Broader sales are down in Europe and the UK, while lawsuits over its FSD system continue.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Tesla has raised the price of its top-end Cybertruck variant, the Cyber Beast, from $99,990 to $114,990, according to Benzinga.

00:14The move comes as the September 30th federal EV credit deadline approaches.

00:19The company attributed the increase to the inclusion of its new Luxe package,

00:23which bundles supervised full self-driving, free supercharger access, a four-year premium service plan, and connectivity features.

00:31The Cyber Beast offers a 0 to 60 mile per hour time of 2.6 seconds, a 320 mile EPA range, tri-motor all-wheel drive, and upgraded interiors.

00:43Tesla faces challenges with slow sales and $200 million in unsold Cybertruck inventory,

00:48with trade-ins being accepted less than two years after launch.

00:51Broader sales are down in Europe and the UK, while lawsuits over its FSD system continue.

00:57For all things money, visit Benzinga.com.

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