Tesla Cybertruck Lead Engineer Confirms Rear-Wheel Drive Variant Of Stainless Steel Truck Has Not Been Canceled
Portfolio Pulse from Anan Ashraf
Tesla's lead engineer confirmed that the rear-wheel drive variant of the Cybertruck has not been canceled and will be available later. Tesla revamped its Cybertruck order page to offer the Foundation series, a limited and pricier edition, instead of the non-Foundation version. The Foundation series includes two variants, while the non-Foundation series has three, including the rear-wheel drive version. Concerns have arisen about demand and the availability of the rear-wheel drive variant. Elon Musk reiterated the need to make the vehicle more affordable in the future.
August 12, 2024 | 6:50 am
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Tesla confirmed that the rear-wheel drive variant of the Cybertruck has not been canceled, addressing concerns about its availability. The company also revamped its order page to feature the limited and pricier Foundation series. This has raised questions about demand and pricing.
The confirmation that the rear-wheel drive variant is still in the pipeline may alleviate some investor concerns about product availability. However, the shift to a more expensive Foundation series and questions about demand could create uncertainty, leading to a neutral short-term impact on Tesla's stock price.
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