According to automotive experts, the move is likely prompted by the fact that the more expensive versions of Cybertruck haven’t drawn enough interest. One clue is a short delivery time, which means the company currently has plenty of units in its inventory.

Cybertruck All-Wheel Drive, which costs $99,990, comes with dual motor and has a range of 318 miles. According to Tesla’s official website, customers can expect their cars delivered in September or August.

The tri-motor Cyberbeast version, which costs $119,990 and has a 301-mile range, has an estimated delivery date set to October and November.

Meanwhile, the now unavailable cheapest Cybertruck previously came with estimated delivery dates in 2025.

Tesla had big plans for Cybertruck when the model was first introduced in 2019. At the time, the company predicted it would have a 500-mile range and cost around $40,000. However, the production of the model experienced a number of obstacles, and the first units were delivered in 2023. By that point, more than two million reservations had been placed for the model.

The post Tesla is No Longer Taking Orders for Cheapest Cybertruck appeared first on theprimarymarket.com.

Tesla unveiled Cybertruck back in November 2019 and received 250,000 preorders in less than a week. Since then, the highly anticipated EV pickup faced some challenges that delayed production before Tesla CEO Elon Musk announced that the first units would find their way to customers in the third quarter of 2023.

The shares of Tesla dipped as low as $108 in early January before doubling up in value by the end of the month. Following the news about the first Cybertruck being produced in the Giga Austin plant, Tesla stock had a strong opening on Monday, reaching a price of $290.80 per share at one point.

Wall Street analysts expect Tesla shares to continue being on the rise in the following months, especially if the company delivers on its promise to start delivering Cybertruck to customers. The plans to build a new factory in Mexico and the expected introduction of new Tesla coupe models should also work in favor of keeping the stock strong.

The post Tesla Stock Surges After Giga Austin Plant Produces the First Cybertruck appeared first on theprimarymarket.com.

According to automotive experts, the move is likely prompted by the fact that the more expensive versions of Cybertruck haven’t drawn enough interest. One clue is a short delivery time, which means the company currently has plenty of units in its inventory.

Cybertruck All-Wheel Drive, which costs $99,990, comes with dual motor and has a range of 318 miles. According to Tesla’s official website, customers can expect their cars delivered in September or August.

The tri-motor Cyberbeast version, which costs $119,990 and has a 301-mile range, has an estimated delivery date set to October and November.

Meanwhile, the now unavailable cheapest Cybertruck previously came with estimated delivery dates in 2025.

Tesla had big plans for Cybertruck when the model was first introduced in 2019. At the time, the company predicted it would have a 500-mile range and cost around $40,000. However, the production of the model experienced a number of obstacles, and the first units were delivered in 2023. By that point, more than two million reservations had been placed for the model.

The post Tesla is No Longer Taking Orders for Cheapest Cybertruck appeared first on theprimarymarket.com.

Tesla unveiled Cybertruck back in November 2019 and received 250,000 preorders in less than a week. Since then, the highly anticipated EV pickup faced some challenges that delayed production before Tesla CEO Elon Musk announced that the first units would find their way to customers in the third quarter of 2023.

The shares of Tesla dipped as low as $108 in early January before doubling up in value by the end of the month. Following the news about the first Cybertruck being produced in the Giga Austin plant, Tesla stock had a strong opening on Monday, reaching a price of $290.80 per share at one point.

Wall Street analysts expect Tesla shares to continue being on the rise in the following months, especially if the company delivers on its promise to start delivering Cybertruck to customers. The plans to build a new factory in Mexico and the expected introduction of new Tesla coupe models should also work in favor of keeping the stock strong.

The post Tesla Stock Surges After Giga Austin Plant Produces the First Cybertruck appeared first on theprimarymarket.com.