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To no one’s surprise, the Tesla Cybertruck will cost more than the promised price of $39,900 revealed in 2019. During Tesla’s annual shareholder meeting, Elon Musk confirmed the bad news, saying “a lot has changed” since then.

Tesla introduced the Cybertruck three years ago, promising an extremely attractive starting price of $39,900 for the single-motor rear-wheel drive model and several more expensive configurations. The highest trim would come in at $70,000, offering a beefy triple-motor AWD design with 500 miles of range and a 0-60 time of under 2.9 seconds.

During this week’s shareholder meeting, Musk answered questions about the Cybertruck, saying: “It was introduced in 2019…a lot has changed since then, so specs and pricing will be different. I hate to break a bit of bad news, but I think there’s no way we could have anticipated enough of the inflation we’ve seen and various issues.”

As we all know, production was initially supposed to start in late 2021. In typical Tesla fashion, the company announced a delay and pushed the arrival back to 2022. A few months later, that exciting $39,900 price tag disappeared from the Tesla pre-site. ordering website, suggesting that a price increase was on the way.

Then, in March of this year, the company said it wanted to finish the Cybertruck design by 2022. However, a few weeks later in April, Tesla CEO Elon Musk said the Cybertruck would “hopefully come out next year.” .

During the Cybertruck announcement, Tesla also said that the Full Self-Driving software would add another $7,000 to the final price, but FSD is now $12,000. And when you consider that the company has significantly increased the price of every EV it offers throughout 2022, we can only imagine how much the Cybertruck will cost when it finally launches.

For example, last year the Model Y Long Range was $51k and now it’s $65,990, an increase of more than 22%. Going by that example, the cheapest Cybertruck could be almost $50k, but I doubt we’ll ever see one that cheap. To make matters worse, for those wondering if the original Cybertruck price would be “waived” for existing pre-orders, Elon Musk said no.

Nobody knows when the Tesla Cybertruck will arrive, how many models will be available and how much it will cost, but I bet it will be expensive.

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