Price for CyberTruck ESTIMATE released by Farzad Mesbahi July 3rd, 2023

[intimidator]

Not even close. Find the quote or don’t say it.

He said it at Investor Day.
You can find plenty videos of him that day speaking on stage.

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[Gurule92]

I do too, but I don’t think I am. This vehicle is going to be priced like the Model S and X, not the 3 and Y. Tesla does not want CyberTrucks cannibalizing their Model Y sales. The reason the 3 and the Y have come by down in price so much is because they’ve been out for a while. Tesla has has a chance to ramp production, reduce costs, share parts, build new Giga Factories, etc. The CyberTruck is a brand new vehicle with fascinating new manufacturing methods. They’re not going to sell that at cost. There’s a reason prices were removed from the website.

I disagree. It was originally priced right in line with 3 and Y. Plus it's a high volume vehicle. S and X aren't

I think the prices for 3 and Y came down because shortages ended and they wanted to pull. A demand lever. (Because they were able to make more not for lack of demand)

 

[Jhodgesatmb]

A Model X starts at $98K
A Model S starts at $88K

So, yeah, Tesla is not afraid to price a vehicle $88-100,000.

He is selling those cars in the tens of thousands (rather than hundreds of thousands planned) and they are complicated to make luxury cars. They are priced lower than Lucid and other luxury BEVs because Tesla is much more efficient in manufacturing. No, he isn’t ‘afraid’ to price at that level, but he has always said that Teslas are too expensive. What other auto maker have you heard say this?

 

[Gurule92]

Not even close. Find the quote or don’t say it.

Are you referring to the hard to make inexpensive quote?

 

[Jhodgesatmb]

He said it at Investor Day.
You can find plenty videos of him that day speaking on stage.

Put the quote up if you have it but that isn’t what he said. It’s your claim and your credibility.

 

[CyberTW]

The quote I saw was from shareholder’s day 2022
- “specs and pricing will be different,” than what was divulged in 2019, before saying he hates “to sort of give a little bit of bad news.”

If anyone remembers a different quote.. I couldn’t find it.. this still doesn’t say much.. it could mean $10k more or 30k… but no hard core conclusion of a really expensive vehicle can be drawn from that quote (especially when their goal is $250k “if there is demand)

 

[CYBRSMTH]

Put the quote up if you have it but that isn’t what he said. It’s your claim and your credibility.

I’m so tired of posting the same stuff over and over again. There are videos of the Investor Day from May of 2023 on YouTube if you don’t believe the Elon quotes

“It's going to be hard to make [it] affordable because it is a new car, a new manufacturing method.”

“We're likely to do probably a quarter million a year I think...maybe more...again very much dependent on what the demand is like and...we also needed [to] improve the the production cost efficiency...which is going to be also a very, very hard thing...so...I'd say...a quarter million a year is a reasonable guess.”

(Improving the production cost effiency is how Tesla will lower the cost. This is not going to happen instantly, but over time, just like with all of their other vehicles.)

“It might be 500,000. I don't know but we'll make as many as people want and can afford.”

 

[ninja6r]

I’m so tired of posting the same stuff over and over again. There are videos of the Investor Day from May of 2023 on YouTube if you don’t believe the Elon quotes

“It's going to be hard to make [it] affordable because it is a new car, a new manufacturing method.”

“We're likely to do probably a quarter million a year I think...maybe more...again very much dependent on what the demand is like and...we also needed [to] improve the the production cost efficiency...which is going to be also a very, very hard thing...so...I'd say...a quarter million a year is a reasonable guess.”

(Improving the production cost effiency is how Tesla will lower the cost. This is not going to happen instantly, but over time, just like with all of their other vehicles.)

“It might be 500,000. I don't know but we'll make as many as people want and can afford.”

Great quote. His "hard to make it affordable" and then "250k/year" are very much contradictory statements. People are delusional around here sometimes. You're not making 250k-500k, $80k+ trucks. There literally is no market for that. But, I don't care anymore. Everyone here hears whatever they want or they have their own agenda. I swear everyone saying it's $100k+ is only saying it to stir shit or they want it as a class status symbol. Fucking September can't get here soon enough

 

[Coolbreeze704]

A Model X starts at $98K
A Model S starts at $88K

So, yeah, Tesla is not afraid to price a vehicle $88-100,000.

19,000 SX sold in q2 vs 446,916 Y/3. Think about that for a minute then tell me you think Elon wants to price the Cyber truck in that range. If you still come back with a yes you are missing the purpose of Elon entering into a new segment of the market. “to accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible.

Trucks are one of the biggest log jams in this conversion. A 100k truck fails this mission and Elon does not fail.

 

[Greshnab]

I’m so tired of posting the same stuff over and over again. There are videos of the Investor Day from May of 2023 on YouTube if you don’t believe the Elon quotes

“It's going to be hard to make [it] affordable because it is a new car, a new manufacturing method.”

“We're likely to do probably a quarter million a year I think...maybe more...again very much dependent on what the demand is like and...we also needed [to] improve the the production cost efficiency...which is going to be also a very, very hard thing...so...I'd say...a quarter million a year is a reasonable guess.”

(Improving the production cost effiency is how Tesla will lower the cost. This is not going to happen instantly, but over time, just like with all of their other vehicles.)

“It might be 500,000. I don't know but we'll make as many as people want and can afford.”

Again where in there does he STATE he is raising price.. he said it is HARD... not impossible... he said he needs to improve production cost efficiency NOT that he was raising prices...

You are implying from his words that there is a price increase <I agree and suspect it will be about 5k> however when people tell you that is NOT what he said.. you need only to read the words.. and realize it is what he IMPLIED.. NOT what he said.

 

[Dids]

I have it from a very good source that CT2 is priced @ 49,999

 

[Deleted member 12457]

The car market is in a major crash while the housing market is ready for a crash. Students are saddled with college debt and the only people actually making any money are CEOs and stock brokers. Everything costs too much, mainly because of greed. You can blame it on inflation, like Farzad said, but inflation only happens when greedy people and companies want to make more money. Elon dropped the price of cars, forcing other EV manufacturers to try and drop prices to be competitive but all that's doing is putting them further in debt. Elon is worth $250B, up almost $12B this year. His YTD increase alone could fund 150K $80K CTs.

 

[intimidator]

19,000 SX sold in q2 vs 446,916 Y/3. Think about that for a minute then tell me you think Elon wants to price the Cyber truck in that range. If you still come back with a yes you are missing the purpose of Elon entering into a new segment of the market. “to accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible.

Trucks are one of the biggest log jams in this conversion. A 100k truck fails this mission and Elon does not fail.

Can't wait until Tesla does price the Cybertruck. And as a good sized shareholder, I hope he has a 20%+ profit margin built-into the that price. Whatever it turns out to be.

 

[Flaskman]

The truck market is huge and traditionally higher margin. I have my fingers crossed that Tesla will be using an aggressive pricing strategy in order to buy market share. Then expand the consumer based truck line. That would make sense to me.

 

[Crimson_Fate]

Seriously though if Tesla jacked up the prices by about 50% from the reveal ( which is way beyond inflation) I'd be out of here without looking back. Tesla will always find someone willing to pay whatever they want but I wouldn't be one of them.

Main takeaway is never let an Investor estimate prices .

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