Tesla's Cybertruck Will Cost More Than Originally Planned You're going to have to wait until 2023 for Cybertruck, and it might not be as cheap as originally announced.

By Gabrielle Bienasz

Opinions expressed by Entrepreneur contributors are their own.

Consumers will have to continue to wait for Tesla's electric pickup truck, known as the Cybertruck.

At a shareholder meeting in early August, Elon Musk announced the Cybertruck would be more expensive than the originally-announced $39,900, according to The Verge. He also said in July the car would not come until 2023, another delay.

"I hate to give a little bit of bad news," he said at the meeting.

The major factor driving a potential price increase, Musk said, is inflation. The product was first announced in 2019.

"It was unveiled in 2019… a lot has changed since then," Musk said at the meeting, according to IFL Science. "So the specs and the pricing will be different… but there's no way to sort of have anticipated quite the inflation that we've seen and the various issues."

This is another delay in an ongoing series of delays.

According to Tesla's website, the Cybertruck design will be blocky and angular, "with a nearly impenetrable exoskeleton." It also has "vault-like" storage.

The company is currently not taking reservations for the car but a crowdsourced report from Wedbush put the number at over 650,000 in June 2020, per Electrek. As The Verge noted, Rivian and Ford, Tesla competitors, are hard at work at bringing their electric trucks, the F-150 Lightning and the R1T truck, respectively, to market.

You can put in a reservation for an R1T truck, but deliveries aren't expected to begin until late 2023, per Rivian's website. You cannot purchase a F-150 Lightning retail but can contact a local dealer.

Gabrielle Bienasz is a staff writer at Entrepreneur. She previously worked at Insider and Inc. Magazine. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Growing a Business

How Meta Generated $32 Billion in Ad Revenue Last Quarter — and How You Can Create Million-Dollar Weekends Using the Same Strategies

Meta's staggering $32 billion quarterly ad revenue isn't just about size; it's about strategy, systems and execution as well.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Is TikTok Considering Selling Its U.S. Business to Elon Musk? Here's What TikTok Says.

Reports have emerged that Chinese officials are considering selling TikTok to Elon Musk.

Marketing

The 80/20 Rule of Sales: How to Find Your Best Customers

How you can focus on the customers who will buy the most from you.

Business News

'I Want the Best People on Our Teams': Meta Is Laying Off More Than 3,000, CEO Mark Zuckerberg Calls for 'Extensive Performance-Based Cuts' — Read the Memo

In an internal memo shared on Tuesday, Zuckerberg said it's "going to be an intense year" at the company.