Elon Musk’s Tesla increases Cybertruck discounts by 3 times — cuts prices by up to $6,000

Tesla is rolling out discounts on both its Foundation Series and standard Cybertrucks, making its futuristic pickup more accessible to buyers.

Agencies
Elon Musk’s Tesla is offering discounts of up to $6,000 on available Cybertrucks in the United States. The company is offering discounts of up to $6,000 on Foundation Series Cybertrucks and $5,100 on non-Foundation Series Cybertrucks in its inventory. The offers apply to new 2024 model-year vehicles.

In January 2025, the company had only offered discounts of up to $2,000 on non-Foundation Series Cybertrucks.

Tesla's Cybertruck success

The Cybertruck is one of Tesla’s high-end models. The starting price for the basic all-wheel-drive version is $79,990, while the more premium Cyberbeast costs $99,990.


In 2024, it became Tesla’s third best-selling vehicle in the US, behind the Model 3 and Model Y, according to Kelley Blue Book.

Tesla sold 38,965 Cybertrucks in 2024, far surpassing sales of the Model S and Model X in the U.S.

For the first few months, only the Foundation Series Cybertrucks were available.
ADVERTISEMENT

In October, Tesla launched the regular version, priced around $20,000 less than the Foundation Series. The Foundation Series is a limited, more expensive edition, featuring special badges and premium accessories.

State Department removes Tesla from $400M EV purchase

On Wednesday, the US State Department removed any mention of Elon Musk’s Tesla from its procurement forecast regarding a planned $400 million armoured EV purchase, following media reports.

The original December 2024 document had included a budget item for an "Armoured Tesla" project, set to begin in 2025 and span five years, but this has now been revised to exclude Tesla’s name. This change followed reports from Drop Site News and The New York Times highlighting Tesla’s inclusion in the procurement plan.

Musk’s role in overseeing government spending during US President Donald Trump’s administration has sparked ongoing questions about potential conflicts of interest, given his company’s involvement in official contracts.
ADVERTISEMENT

Musk has stated that all activities within his Department of Government Efficiency would be conducted transparently.

FAQs


ADVERTISEMENT
1. What are Tesla’s most famous models?
Tesla’s most famous models include the luxury saloon Model S, the affordable Model 3, the SUV Model X with falcon-wing doors, the compact crossover Model Y, and the highly anticipated futuristic Cybertruck.


2. What are some of the features of the Cybertruck?
The Tesla Cybertruck features a durable exoskeleton, armoured glass, impressive performance with acceleration under three seconds, all-wheel drive, a towing capacity of up to 14,000 pounds, a range of up to 500 miles, a spacious interior, off-road capability, and a minimalist, tech-focused cabin.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › US News › Elon Musk’s Tesla increases Cybertruck discounts by 3 times — cuts prices by up to $6,000
Text Size:AAA
Success
This article has been saved

*

+