Tesla Slashes Cybertruck Prices By Over $A16,000

Tesla’s Cybertruck rollout just took an unexpected turn — and it might be the biggest price shake-up since the vehicle first hit the roads. Just days after launching the cheapest variant yet, the company is now handing out eye-watering discounts of over $10,550 ($A16,000) on existing 2024-built stock in the US, plus free lifetime Supercharging thrown in for good measure.

The offer, revealed by Tesla news source and EV insider Sawyer Merritt, appears to be a strategic push to move unsold inventory before the new, more affordable rear-wheel-drive Cybertrucks enter production — with first customer deliveries expected in June.

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For those watching Tesla closely (and let’s be honest, if you’re into EVs, you’re watching Tesla closely), this isn’t just a discount — it’s a glimpse into the company’s inventory management playbook.

Discounts, tax credits, and timing the market

To break it down, Tesla is offering two separate markdowns: over $A16,000 off the non-Foundation Series Cybertrucks built in 2024, and just over $A15,000 off Foundation Series units. That’s a huge incentive, especially when you consider that the Foundation Series models were originally positioned as premium, limited-edition trucks.

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But what’s really raising eyebrows in the US is the inclusion of free lifetime Supercharging — a perk that harks back to Tesla’s early days and has become a rare bonus in recent years. It’s no wonder some early adopters who paid full price are feeling a little burned.

The timing of the move isn’t random. Tesla’s offering effectively offsets the lack of access to the $US7,500 EV tax credit that some buyers no longer qualify for, which converts to about $A11,700. That means Tesla is making up the gap — and then some — to keep sales momentum going. It’s smart business, but for buyers who jumped in before the price drop, it stings.

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From wild hype to real numbers

When the Cybertruck first launched, it felt like half the internet was either mocking its looks or joining a waitlist. But behind the memes and the memes about the memes, the sales figures have started to speak for themselves.

In the third quarter of 2024 — just a year after deliveries kicked off — the Cybertruck became the third best-selling EV in the United States. It racked up 16,692 units sold, more than double what Ford managed with its F150 Lightning in the same period. That’s no small feat, especially for a vehicle with such a niche design and unconventional form factor.

And now, with production continuing to ramp up and cheaper variants on the horizon, it’s clear Tesla is keen to move what’s left of the 2024 builds quickly. These discounts aren’t about clearing dusty showroom floors — they’re about making space for what comes next.