![]() ![]() Tesla removed Cybertruck pricing from its website in 2021. When it was revealed in late 2019, Tesla quoted a starting price of $39,900 for an entry-level single-motor Cybertruck, with higher-priced dual-motor and tri-motor variants. A lot has changed since then, so the specs and the pricing will be different,” Musk told investors, InsideEVs reported. ![]() “Cybertruck pricing, it was unveiled in 2019, and the reservation was $99. The offering is expected to go on sale as soon as the middle of next year. ![]() Ford is also is introducing a purpose-built Lightning Pro geared toward police departments in model year 2023.Īround the industry, price hikes have already emerged or will soon.īoosted the price on its GMC Hummer EV pickup truck and SUV by $6,250 starting back on June 18.Ĭybertruck will be priced higher than first announced more than three years ago due to higher material and production costs, Elon Musk told investors Friday. Ford is adding Pro Trailer Hitch Assist technology to the 2023 model year Lightning it automatically controls steering, throttle and brake inputs to make hitching trailers easier. To date, the starting price on the Lightning was $39,974, excluding destination fees, which all manufacturers slap on vehicles as they move from production to dealerships. The suggested prices announced this week, excluding destination fees, are:įord also announced that the standard-range battery models in the trucks have been boosted to an EPA-estimated target of 240 miles, up from 230. Mich., to 150,000 units per year by next year. It capped reservations at 200,000 and moved to boost capacity at the Rouge Electric Vehicle Center in Dearborn. The automaker said at launch time it anticipated demand outrunning its initial production capabilities. Ford has sold 4,400 of the trucks year to date. EV-market observers were excited by the launch, anticipating strong construction site, farm and ranch, and personal-use demand, especially because the vehicle can act as a backup power generator. The S&P 500įord launched production of the Lightning in April, a version of its already best-selling F-150. Read: Thinking about an EV? First-ever $4,000 tax credit for used electric vehicles, and $7,500 for new, nears approvalįord in April reported first-quarter results within Wall Street expectations, saying that strong demand for its vehicles was tempered by “persistent” supply-chain challenges that crimped the auto maker’s ability to fulfill its orders.įord’s stock is down 26% so far in 2022, but does remain up 9% from where it stood in August 2021. Faced with rising raw materials pricesĪnd chip shortages as the world rebounds from the worst of the COVID-19 shutdown, many electric-vehicle makers have increased prices on some models. If you want an F-150 Lightning with the extended battery, the cheapest way in is the $80,974 XLT trim.Isn’t alone. Then again, it seems to be very popular and it's been getting a lot of orders, prompting Ford to add a third shift to its Detroit assembly plant, so until the demand cools down, the company has all the incentive in the world to just keep on hiking its prices.Īn interesting detail this time around is that only the entry-level Pro model got a hike, other versions didn't. When the initial prices were revealed, the F-150 Lightning seemed like a pretty good deal at its base price. And today we're witnessing the third price increase, with another $4,000 added on top. Then, in October, "ongoing supply constraints, raising material costs and other market factors" made the company issue its second hike - to $51,974. That's a $16,000 price hike in nine months, and it came in three stages.įirst, in August the entry-level price jumped to $46,974. Today, the same model can be yours for no less than $55,974. Back in March, the Ford F-150 Lightning was priced starting at $39,974 for the base variant.
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