Tesla Removes Need For Reservation To Get Foundation Series Cybertruck: Limited Edition Version Starts At $99,990
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has removed the need for a reservation to purchase the limited-edition Foundation Series Cybertruck, which starts at $99,990. The AWD version will be delivered between August and September, while the Cyberbeast variant will be delivered between October and December. Customers can also reserve a range extender for an additional $16,000. Tesla aims to ramp up production to 2,500 units per week by the end of the year and deliver 250,000 Cybertrucks annually starting in 2025.
August 09, 2024 | 12:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Tesla has removed the reservation requirement for its limited-edition Foundation Series Cybertruck, potentially increasing short-term sales and revenue. The AWD version starts at $99,990, and the Cyberbeast variant starts at $119,990. Deliveries are scheduled between August and December. Tesla aims to ramp up production to 2,500 units per week by the end of the year.
Removing the reservation requirement for the Foundation Series Cybertruck is likely to boost short-term sales and revenue for Tesla. The high price points of the AWD and Cyberbeast variants, along with the option to reserve a range extender, could contribute to increased profitability. Additionally, the ramp-up in production to 2,500 units per week by the end of the year indicates strong demand and operational efficiency.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100