Elon Musk just unveiled the electric pickup truck called Tesla “Cybertruck” and at an event and it has broken the internet. The Cybertruck from Tesla looks like something which is straight out of the futuristic movie and the event was watched live by millions of people. Even though the Tesla truck won’t be available for delivery till late 2021, pre-orders have started on the vehicle.
— Volturo Auto Brokerage (@volturoauto) November 23, 2019
It means that the other Tesla cars such as Model S, Model X and Model 3 will have a reduction in their price. Here are the details on the specs, price and release date of Tesla Cybertruck and how its launch will affect the reduced prices of Tesla Cars.
Tesla Cybertruck Features, Price and Release Date
The Tesla cybertruck has a robust exoskeleton made by the ultra-hard 30X Cold-Rolled stainless steel and contains Tesla armor glass. There won’t be any dents, damage, or corrosion issues and the pickup truck has a better utility than similar vehicles and gives out a better performance than a sports car. The cybertruck also has Vault-like storage in the back and six people can seat inside it at a time.
Nobody *expects* the Cybertruck pic.twitter.com/khhYNFaVKs
— Elon Musk (@elonmusk) November 22, 2019
There are 3 different versions on the Tesla cybertruck, Single Motor RWD, Dual Motor AWD, and Tri-Motor AWD. It has all the basic features such as touch screen user interface, onboard power and compressed air system. Tesla’s cybertruck price starts at $39,900 and goes up to $69,900 and it will release in late 2021 or early 2022. Since it has gotten an overwhelming response, the demands for Tesla Cars have gone down, leading to Musk reducing their prices.
Tesla Car Prices to Reduce after Cybertruck’s Launch
The basic rule of the market is that new product sells in abundance and the older one has to be sold somehow. Tesla Cars have now gotten older, even the latest Tesla Model 3 was launched two years earlier. Elon Musk and Tesla are meanwhile working on the Tesla Semi, 2020 Roadster, Tesla Model Y and other new projects, which obviously means less focus on Tesla Model S and X.
There is also a decline in the demands of older Tesla cars since the past few years and very soon most of them will be replaced. The tech and automobile company wants to clear out all the previous Tesla cars before launching the Tesla cybertruck, which means reducing their price is a total possibility.