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.

Business News

'The Market Is Hot': Here's How Much a Typical Meta Employee Makes in a Year

Data from federal filings offers a glimpse into base salary ranges at Meta for roles ranging from AI research scientist to data analyst.

Franchise

After 14 Years as an RN, She Opened the Business She Always Wanted to See — And Reached $1.3 Million

Rachel Wommack knew there had to be a better way to care for seniors, so she launched a business and proved it.

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.

Marketing

Liquid Death Is Worth $1.4 Billion — Because of This Marketing Strategy

How the buzziest beverage brand creates so much attention, and how you can too

Science & Technology

How to Utilize AI in Your Business While Minimizing Environmental Harm

AI can significantly boost business efficiency and client experience, but its environmental impact, especially in energy and water use, is substantial.

Leadership

Gallup's Chief Scientist Says Only 20% of People Trust Leadership — Here's How to Fix That Problem

We asked someone who has studied workplace engagement for 40 years about leadership. His findings reveal a trust crisis and a surprising solution.