Cybertruck Monday? Tesla Just Slashed The Pickup’s Lease Price
It’s not technically a Cyber Monday deal, but the Tesla Cybertruck just got cheaper to lease. Less than a month after making the Cybertruck eligible to lease, Tesla has cut the price significantly.
A dual-motor All-Wheel Drive Cybertruck is now available for $899 per month, which is down from $999, while a tri-motor Cyberbeast lease drops from $1,148 to $999. Both require a $7,500 down payment and are for 36-month leases with 10,000-mile annual allotments.
Tesla did not announce a reason for the price update, but the automaker often runs specials at the end of financial quarters and years to help meet internal delivery targets. The change comes just after Tesla celebrated the first anniversary of the Cybertruck’s launch on Nov. 30.
According to Cox Automotive, Tesla delivered 28,250 Cybertrucks through this September with 16,692 of those coming in the third quarter. Tesla also lowered the price to buy a Cybertruck in October when it ended the mandatory Foundation Series package of equipment and trim, which added $20,000 to the bottom line of both models.
Read Also: IS THE TESLA CYBERTRUCK MORE AMERICAN THAN FORD’S AND GM’S ELECTRIC TRUCKS?
Despite the All-Wheel Drive model’s $79,990 price now coming in under the $80,000 threshold for trucks, the Cybertruck still doesn’t currently qualify for the $7,500 federal tax credit on retail electric vehicle purchases, likely due to materials sourcing requirements, but Tesla can take that as a commercial credit and factor it into a lease.
Read Also: TESLA IS MAKING BIG CHANGES TO ITS SUPERCHARGERS — HERE’S WHY
In November, Tesla also reduced the price to lease a Model Y Long Range Rear-Wheel Drive from $349 to $299 for 36 months with $2,999 down. That makes it equal to the price of a Model 3 lease, even though the Model Y costs $2,500 more to purchase.
Read This Next
