Prediction: A slew of CT cancellations on the horizon

[FarAway]

I agree. Lots of cancels coming. It’s an amazing vehicle that will price a lot out. I was sticker shocked. The dual motor is too high priced and the beast range is way too low. I contemplated the range extender until I found out it takes up half of the bed (it’s should have been internal). So I’m just going to settle for the dual motor and hopefully I’ll live with the range.

Totally agree, I would forgo the in-bed storage (i.e. the baitwell) for extra batteries UNDER the bed!

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[Balthezor]

After looking at the income poll, I've realized this forum is mostly wealthy/upper income levels, which isn't representative of most people.

I wouldn't say that. My dad was a factory worker the second half of his life. A lot of people at his work make "dumb" decision/sacrifices to have the nice truck/Suburban, Challenger.

Lots of people out there driving a Raptor or TRX or an F150 Platinum. Those are 85-100k. WIth 10mpg. They are definitely not doctors.

 

[Balthezor]

It blows my mind mind that people are considering an 80k EV and qualify for the federal tax credit. There is a annual income limit of $300k for married couple. That's so expensive for an income of of equal or below $300k. Or am I missing something?

 

[cvalue13]

Next, and I say this a bit begrudgingly, @cvalue13 prepared me psychologically for the lower range so the slap in the face actually came weeks ago and I have been dealing with it and deciding what I’d do if X or Y happened ever since.

have you decided whether it’s better to be slapped in the face by normal guy with three

kids, or by the world’s richest man with 20 kids?

Either way, stay in the fold, man. CT is more compelling in real world than it is on paper.And lots can happen still between now and when your order is up

personally, I think the announcement of the extended plus the preview of the single motor in 2025 (but no other previews), settles that a 500mi/HD truck is unlikely anytime soon.

much as that sucks for a lot of folks, before deciding it’s a fatal flaw, they should take a ride in a CT

 

[cvalue13]

Totally agree, I would forgo the in-bed storage (i.e. the baitwell) for extra batteries UNDER the bed!

the weight of that sized battery really has to be mid-truck

 

[CyberGus]

I thought that number looked low so I looked it up. According to the census bureau the median income is more like $76K and has actually gone down a bit:

https://www.census.gov/library/publications/2023/demo/p60-279.html#:~:text=Highlights,and Table A-1).

this might not change the conversation though.

I cited median individual income, your data is for households.

 

[Jhodgesatmb]

It blows my mind mind that people are considering an 80k EV and qualify for the federal tax credit. There is a annual income limit of $300k for married couple. That's so expensive for an income of of equal or below $300k. Or am I missing something?

I am retired but I have been putting money away every year toward a Cybertruck, for the past 6 years and the coming year. I put that money into Tesla stock and I have more than enough between what I put away and the money I made in capital gains to pay for the truck, so it 'is' possible for someone to qualify for the IRA tax credit and be able to purchase an AWD Cybertruck. But our 'combined' household income is over the threshold.

But this thing has also been on my mind for a long time, because there are a boatload of people driving Teslas in California with carpool lane those stickers on their cars, and those stickers have similar household income thresholds. We have 2 Teslas and do not qualify for either the IRA tax credit or the sticker and I am retired. Conjecture? A lot of people are lying about their incomes and the state isn't checking. Similar with handicap stickers. Corrupt people and physicians. I have 'seen' this one first hand. People with handicap stickers pull up to the best parking spot, pull out their sailboarding gear, and go sailboarding for hours. For years! Ok, I am calm now ...

 

[Jhodgesatmb]

We got the range Tesla promised us. Not a whit more. And the same battery for both launch models. Guess they didn't want to do that double-layer battery pack after all.

-Crissa

That is true for the dual-motor variant (AWD), but the battery pack size is the battery pack size, so this is also what we are likely limited to unless/until they improve the 4680 cell/pack performance.

 

[MEDICALJMP]

I know there are a lot of disappointed with price increase but the dual motor is inline with a Rivian R1T and Ford Lightning. The Tri motor compares to any premium truck. A Ford Platinum F250 with Powerstroke will cost over $100k and TRX around $120k

Sure. However, 1) I don’t want a gas hog truck. 2) I don’t care for Rivian or Lightening. 3) I feel I was baited and switched. As a shareholder I am so disappointed.

 

[Longranger]

The price increase is more than I anticipated but try to configure any new full sized ICE truck to similar specs for less. The legacy trucks have increased in price a great deal over the past 4 years too!!

The cybertruck is a cutting edge vehicle with significant new technology. It is in most respects, other than long distance towing, going to be far more vehicle than we need. I mean who really needs otherworldly acceleration, 2500 pound payload, steer by wire,…etc for a light work truck or daily driver?Some time down the road Tesla will offer a more rational version at an ICE killing price but for now they do not have to.

 

[sys700]

$99,000 for the top model is exactly where I expected the top model would fall when they announced this truck 4 years ago. The sticker price didn't shock me in the least. I'm keeping my reservation and I'll be getting the BEAST! There's so much more to this vehicle than just the stainless steel body. I'm crossing my fingers that a lot of people cancel their reservations!

What surprised me was the range reduction. When I heard about that a few weeks ago, it gave me pause for maybe a minute. I was really hoping for 600 miles, and at a bare minimum I could live with 500 miles. But for what I'm hoping to use it for (boondocking and working remote in the middle of nowhere), the range extender will be key. This also opens up an opportunity for companies to design trailers with range-extender batteries. I'm hoping the battery tech will improve over time which will extend the base range to around 500 miles.

I will not likely see my CT until mid to late 2025, but I've patiently waited 4 years...so I can wait 2 more. I'm already making plans to ensure I have the cash on hand once that day arrives. Meanwhile I'm going to keep driving my cheap Toyota gas-powered car that's paid off for another couple years.

 

[JBee]

Seems like a lot of people have the script flipped

Saying “what was Elon thinking, pricing it this high means many people can’t buy”

When they should be saying, “at this price many people can’t buy, is what Elon was thinking”


What’s more likely here? That Tesla doesn’t understand market pricing 101, or that there won’t be many produced over next two years, so they’re charging a market price that reflects constrained supply - while maximizing income that offsets the 1/2 billion that will hit the company’s balance sheet when the truck goes into production?


The frustration is all deserved, given Tesla’s real snaffu - the content of the 2019 presentation.

But no, at these prices, Tesla doesn’t expect to sell large amounts of these trucks next year. Which works for them, because they don’t expect to be able to build large amounts of these trucks next year. That’s what this pricing should tell us. (Doubly so for the tri-motors.)

What we've got here is failure to communicate.​

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Some members, you just can't reach.​

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So you get what we had here yesterday -- which is the way Tesla wants it.​

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Well, Tesla gets it.​

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And I don't like it anymore than you men.​

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I completely agree.

Lots of people sadly have taken the price increase personally, or think Tesla is doing them a disservice, whereas for most it won't even matter, because they are so far down the line, being years out, that the price could be anything by then.

Simply, the price ONLY matters the day you have to pay it, just before you get delivery of your Cybertruck. If you have a high number that is still YEARS away.

All the rest is just a premature response without understanding the real decisions being made behind Tesla's closed doors.

I really think Tesla are doing a very poor job of conveying the reasons for the pricing, and purchase retention will reflect some of this, but I also understand that if they did a better job of letting everyone know why, their reasons might not apply any more either.

They don't have any Cybertrucks to sell, so might as well sell the few they have at cost, or a little profit, until production ramps and costs go down.

But people also need to factor in that once these are driving around in numbers, that demand still might go up even further, as more people join the que. At that point only more production will help, so providing they ramp well enough now, replicating that for the second factory will bring it online much faster, just like Shanghai with M3/MY.

So unless you really need that Benjamin, just stay in line until we find out what is really going to happen.

 

[EMoeller]

the weight of that sized battery really has to be mid-truck

Not necessarily, CT has automatic load leveling, and the 500 lbs for that battery would still be easily within the 2500 lb load limit for the bed.

 

[JBee]

Not necessarily, CT has automatic load leveling, and the 500 lbs for that battery would still be easily within the 2500 lb load limit for the bed.

You'd loose your towing tongue weight.

Btw it is not "load leveling" just "suspension height leveling". It can't change where on the vehicle payload weight can be applied.

 

[Fleetwood75]

I hope that every reservation ahead of me cancels leaving me first in line. Everybody complaining about price and here I am going:

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