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Tesla's "Cheaper" Cybertruck Arrives at $59,990, Still Far From the $40K Promise

Tesla reduces Cybertruck prices for 10 days to address weak sales and market slowdown after federal tax credits ended, starting at $62,235 for Dual Motor AWD.

  • On Friday, February 20, 2026, Tesla announced a price cut for the Cybertruck and said the $59,990 offer is limited to 10 days, Elon Musk posted on X.
  • Amid weak demand, Cybertruck sales have lagged and Tesla has struggled to find buyers, while the end of the $7,500 federal EV tax credit and Elon Musk's rhetoric alienated customers.
  • On specifics, Tesla cut the Cyberbeast top-tier price from $117,235 to $102,235 and discontinued the Luxe Package including Full Self-Driving.
  • The immediate effect is that Tesla's limited-time pricing could boost short-term sales, but Musk said post-promo pricing will depend "on how much demand we see at this price level."
  • This aligns with Tesla's 2026 planning as price cuts target cost-conscious buyers while resources shift to humanoid robots and factory retooling, discontinuing Model S and Model X amid Siddhant Awasthi's November departure.
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ELECTRIC VEHICLES broke the news in on Friday, February 20, 2026.
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