Regardless of its many critics, CEO Elon Musk calls the Cybertruck the “best vehicle Tesla has ever made.” On Thursday, Feb. 19, he took the drastic measure of slashing the worth of the costly electrical pickup, a minimum of for a restricted time.
Tesla as a complete has been having demand points for some time, as falling EV gross sales within the U.S. and China on the whole have mixed with Elon Musk’s deteriorating private model.
Tesla’s annual income declined in 2025 for the primary time ever, as deliveries additionally fell for the second consecutive yr. Tesla says it’s way more than a automobile firm, and that its future lies in synthetic intelligence and autonomous driving.
However as a lot as Tesla likes to say it’s not only a automobile firm, greater than 70% of its income ($69.5 billion in 2025) comes from automotive gross sales, which incorporates leasing, regulatory credit, and automobile gross sales.
Service income stemming from its autos like supercharging, automobile insurance coverage, and repairs generated one other $12.7 billion in income. Auto gross sales already aren’t a high-margin enterprise, and its automotive gross margin (excluding regulatory credit) really dipped into the purple for the primary time in 2025, in accordance with Reuters.
Tesla bought about 5,400 Cybertrucks within the third quarter, representing a 62.6% year-over-year drop, in accordance with Cox Automotive knowledge. Tesla usually doesn’t path its ICE rival Ford in EV gross sales, however even Ford’s F-150 Lightning EV pickup bought 10,000 models in the identical interval.
Whereas Tesla doesn’t launch official supply numbers, evaluation by exterior corporations, comparable to Finbold Analysis, suggests the corporate has bought simply over 16,000 Cybertrucks as of October, European Enterprise Journal reported. Tesla bought simply 20,237 Cybertrucks in 2025, in accordance with Kelley Blue E book numbers, down almost 50% from the 38,965 it bought in 2024.
This week, Tesla made a transfer to make the Cybertruck extra palatable, even when it is for a restricted time solely.
Tesla is providing a limited-time sale on the Cybertruck.
Photograph by FREDERIC J&interval; BROWN on Getty Photographs
Tesla slashes Cybertruck price ticket for 10 days
Tesla CEO Elon Musk has made quite a lot of guarantees in the case of every thing from Mars, to humanoid robots, to the Cybertruck.
On Thursday, Feb. 19, Musk promised to chop the worth of the costly pickup truck.
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On Thursday, Tesla debuted the brand new dual-motor, all-wheel-drive model of the Cybertruck that provides as much as 325 miles of vary and begins at $59,990.
With the transfer, Tesla inches one step nearer to the preliminary promise it made when Elon Musk first started mentioning the Cybertruck.
The automobile options all the steer-by-wire, metal paneling that Cybertruck followers know and love, with the principle variations being decrease towing and payload capability, smaller wheels, fewer show panels, and some different downgrades, Sawyer Merritt posted on X (previously Twitter).
Nevertheless, whereas the preliminary euphoria of the lower-priced mannequin was nonetheless sinking in, on Friday morning, Feb. 20, Musk dropped a bombshell: The $59,990 worth level was solely legitimate for the following 10 days.
X customers weren’t thrilled with the announcement that the deal was non permanent, leaving many to invest that the corporate was on the brink of mothball the Cybertruck, because it had the Mannequin S and Mannequin X earlier this yr.
Tesla can also be decreasing the worth level for the Cyberbeast, probably the most superior model of the pickup, to $99,990 from $114,990, on a seemingly everlasting foundation. Based on Reuters, this discontinues the “luxe package” that included Supervised Full Promote-Driving and free Supercharger community entry.
Tesla had added the package deal solely final August when it raised the worth of the truck.
Elon Musk first generated buzz in 2017 when he teased an image of a pickup truck that might ultimately be recognized worldwide because the Cybertruck.
However probably the most thrilling promise made again then was the concept this highly effective behemoth can be inexpensive, beginning at $39,900.
Musk promised that the truck’s electrical powertrain may generate sufficient towing capability to make the extra heavy-duty Ford F-150 blush. The Cybertruck can be “a pickup truck that can carry a pickup truck.”
The automobile really debuted with a $60,000 price ticket and the automobile at present has a beginning MSRP north of $72,000, in accordance with Automotive and Driver. It has additionally been stricken by recall points ever since.
Tesla’s Cybertruck enterprise exhibits indicators of cracking
Tesla’s newest Cybertruck change comes about three months after the corporate introduced the departure of the person who was liable for the automobile for the reason that starting.
On Nov. 10, Siddhant Awasthi, Tesla’s head of the Cybertruck program, introduced he’s leaving the corporate after greater than eight years.
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Awasthi labored his means up after becoming a member of the corporate straight out of college in 2018. Inside two years he turned an engineering supervisor, and inside three, he was the technical program supervisor answerable for the Cybertruck. He was made head of the Cybertruck program in 2022.
At the start of 2025, reviews emerged that Tesla was cutting down manufacturing of the Cybertruck. In a leaked memo, Tesla notified staff that manufacturing staff on the Cybertruck meeting line at its Austin Gigafactory can be switching over to Mannequin Y manufacturing.
Cox Automotive estimates fewer than 60,000 Cybertruck gross sales since deliveries started in November 2023.
Final yr, it was reported that Tesla was not accepting Cybertruck automobile trade-ins. The corporate was sitting on about $200 million in Cybertruck stock as of April, in accordance with the report, with costs falling 55% yr over yr.
Nevertheless, in accordance with a Electrek report, Tesla reversed that coverage final spring.
Tesla started taking Basis Sequence Cybertruck trade-ins, and the provided costs appear to verify the depreciation reported final month.
Tesla was promoting brand-new 2024 Cybertruck AWD Basis Sequence for about $100,000 final yr. An individual with 6,000 miles on the odometer was provided $65,400 for that very same automobile, representing a 34.6% depreciation in lower than a yr.
Based on Kelley Blue E book, pickup vehicles typically lose about 20% of their worth within the first yr of possession, with the speed slowing down to eight% to 12% a yr after that.
The most cost effective used 2024 AWD Cybertrucks had been going for about $75,000 on Autotrader this week.
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