Elon Musk has reduced Cybertruck prices by $10,000 as Tesla faces challenges selling off its growing vehicle inventory.
Elon Musk has recently announced a significant price cut for the Tesla Cybertruck.
This move comes as Tesla’s stock prices have dropped over 40% since the beginning of 2025, raising concerns among investors.
Elon Musk forced to cut Cybertruck price by $10K amid sharp Tesla stock decline
The Cybertruck, which was released in November 2023, has encountered various issues, including recalls and negative press.
Originally, Musk had promised that the Cybertruck would be available for $39,900.
However, the actual starting prices turned out to be $74,000 for the standard model and $94,000 for the high-tech ‘Cyberbeast’ version.
Despite the high price, the vehicle was expected to appeal to consumers looking for an all-American electric pickup.
