The Dream of a Sub-$40,000 Tesla Cybertruck Is Dead

From PC Mag: During the Tesla annual meeting of stockholders(Opens in a new window) held yesterday, Elon Musk confirmed that the Cybertruck will no longer carry a base price of $39,900.

As part of the meeting held in front of a live audience, Musk answered a number of questions posed by shareholders. One of those asked if the original Cybertruck pricing would be "grandfathered" for those who already placed an order.

Musk confirmed it would not, while reminding everyone a reservation only cost $99 back in 2019. He then went on to say, "It was unveiled in 2019 ... a lot has changed since then, so the specs and the pricing will be different. I hate to give a little bit of bad news, but I think there's no way to have anticipated quite the inflation we have seen and various issues."

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