Tesla bull reveals Cybertruck pricing approximation before deliveries

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Tesla bull Dan Ives of Wedbush revealed the firm’s estimation of what the Cybertruck could approximately cost just two days before deliveries.

Tesla is set to deliver the Cybertruck for the first time in just two days at its delivery event is scheduled for Thursday at 2 p.m. Central Time.

However, despite the fact that the first units will be handed over to customers in roughly 48 hours from the time this article was published, Tesla has yet to release any concrete information on what the Cybertruck will cost. Although the unveiling event four years ago listed three trims and priced them at $39,990, $49,990, and $69,990 for the Single, Dual, and Tri-Motor configurations, respectively, pricing information was removed from the website a few years ago.

Inflation would increase the prices of the trims considerably, and we examined this in an article earlier this month.

What Tesla Cybertruck pricing could look like based on inflation

However, Ives writes in a note to investors that he believes the configurations could be priced between $50,000 and $80,000:

“We believe updated pricing will come out at Thursday’s event on each of the trim levels as the company scales the Cybertruck production story to give more clarity to the Street. Whisper numbers for the single motor are in the ~$50k range, with prices for the dual and tri-motor variants likely to be in the $60k – $80k range.”

Tesla will likely omit the Single Motor configuration of the Cybertruck altogether, as it was the least ordered and sought-after trim level, according to the Cybertruck Reservation Tracker that had slotted roughly 2 million orders for the pickup.

Ives’ note also suggests that the Cybertruck has the large potential to be a catalyst for Tesla over the next eighteen months as production ramps. Tesla will lean on the Cybertruck to “expand the Tesla halo effect as more consumers head down the EV path over the coming years.” Admittedly, Ives said to investors that Cybertruck “does not significantly move the financial needle for Tesla in FY24, it further shows the innovation and mind share lead” the company has built as competitors from large companies like Ford and GM.

The Cybertruck is further proof that Tesla is holding a substantial lead and expanding its product like while others are just trying to stay afloat.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Tesla bull reveals Cybertruck pricing approximation before deliveries





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Tesla cleared of claim that it fired Giga New York employees for unionizing

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A U.S. labor board has thrown out a complaint alleging that Tesla fired dozens of workers over unionizing efforts at its Gigafactory in New York.

A regional NLRB official tossed out the complaint on Friday, according to a report from Reuters, following the Workers United union’s initial filing of the complaint in February. The initial filing alleged that Tesla had fired the employees “in retaliation for union activity,” though the ruling clears the automaker of the claim.

Following the original complaint, Tesla said it had selected the fired employees before the union announced labor efforts at the factory, as a normal part of the company’s performance review structure. The union continued organizing after Tesla denied the allegations, and it plans to follow up on Friday’s ruling.

Workers United said it will request that the NLRB general counsel’s Office of Appeals re-evaluate the dismissal of the claims thrown out on Friday.

Despite the ruling, the official also said they found some merit to other claims surrounding the case, and the board warned that Tesla will still need to settle those allegations.

NLRB spokesperson Kayla Blado said on Monday that the official found that Tesla was still violating federal law by establishing rules on how workers could use their devices in the workplace. Tesla had previously banned workers from using their devices to create audio recordings in the workplace, according to Workers United attorney Michael Dolce in a separate report from The Detroit News.

If Tesla doesn’t settle the alternative claim, Blado says the board will formally present the complaint to an agency judge.

“I think when the general counsel’s office digs into the case then they’ll see that it’s a clear pattern of retaliation against a unionizing group of workers and clearly a violation of labor law,” said Jaz Brisack, the union’s organizing director for New York. “I’m confident that the Tesla workers will finally see the justice that they deserve, and we as a union will have their backs the entire way.”

The news comes amidst speculation that a separate union, the United Auto Workers (UAW), could target Tesla’s factories after a successful strike against Ford, General Motors (GM) and Stellantis. UAW President Shawn Fain even called Toyota and Tesla workers “members of the future,” highlighting the union’s plans to continue organizing at non-union represented factories in the U.S.

Tesla workers hard-pressed to join union despite UAW efforts: report

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.

Tesla cleared of claim that it fired Giga New York employees for unionizing





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Tesla Model Y surprises by overtaking Jeeps in quick sand dune climb

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There are things that Telsas are known to do. Winning drag races easily is one of them, and more recently, with the advent of the Model S Plaid with Track Mode, competing on the track has become another. Off-roading, however, has always been considered as something that would have to wait, at least until the Cybertruck starts its consumer deliveries. 

This is not to say that Tesla has not put in any effort to develop its vehicles’ off-roading capabilities. When the Model Y was released, electric vehicle enthusiasts quickly observed that the all-electric crossover had a dedicated “Off-Road Assist” mode. Few looked at the feature very seriously, however, as the Model Y’s low ground clearance suggested that the vehicle would be an adequate “soft-roader” at most. 

As per a recent video that was shared on X, the social media platform formerly known as Twitter, it would appear that the Tesla Model Y’s off-road performance should probably not be dismissed. In the short clip, the Model Y could be seen starting at the same line as a couple of Jeeps. As the climb began, the Model Y proceeded to easily and authoritatively overtake its two combustion-powered peers. 

At the end of the video, the Model Y could be seen driving all the way up to the top of the sand dune while the two Jeeps turned back near the top. Overall, it’s pretty difficult not to be impressed with the Model Y as it practically treated the sand dune as a drag strip. That’s quite an accomplishment for a city car like the Model Y. 

The video, of course, only increases the excitement for the upcoming Cybertruck, which is starting its deliveries at the end of the month. The Tesla Cybertruck is designed from the ground up to be a tough vehicle that can take severe punishment, so when it comes to tackling sand dunes, the all-electric pickup truck will likely do quite a bit better than its crossover sibling.

Elon Musk has stated in the past that the Cybertruck should be able to perform well at Baja. Over the past months, Cybertruck release candidates were indeed spotted testing at the off-road location. The Cybertruck has also been seen testing at off-road areas like Hollister Hills in California. 

Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.

Tesla Model Y surprises by overtaking Jeeps in quick sand dune climb





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