Tesla Cuts Cybertruck Prices, Launches $59,990 Model Amid Cooling EV Market

February 20, 2026
Tesla Cuts Cybertruck Prices, Launches $59,990 Model Amid Cooling EV Market
  • Tesla slashes Cybertruck prices to broaden appeal, launching a Dual‑Motor AWD starting at $59,990 and reducing prices for the top Cyberbeast, in an effort to boost sales as the EV market cools.

  • The cheaper Cybertruck variant omits several perks from the Luxe Package, including the Full Self‑Driving lifetime license and free lifetime supercharging, while FSD shifts to a paid monthly subscription.

  • The lower-priced model also trims capability and interior features, offering a 7,500‑pound towing capacity and a plainer interior with textile seats and first‑row heated seats only.

  • Analysts warn the price promo may lift short‑term sales but question its ability to drive sustained demand given ongoing adoption challenges.

  • Tesla is expanding capacity at the Texas Gigafactory as deliveries ramp up in 2026 to support increased output.

  • The pricing move is framed as a way to accelerate orders and delivery momentum while preserving profitability through software and services as revenue.

  • Questions remain about what happens after the 10‑day pricing window, with concerns that pricing stability is needed to maintain consumer confidence.

  • Uncertainty persists around future price movements and demand, drawing context from past price changes and Musk’s early sales projections.

  • Tesla emphasizes warranty and charging options to reassure buyers about durability and ecosystem flexibility, even as terms aren’t fully disclosed.

  • Investors responded positively, with TSLA stock rising roughly 1.8% after the announcement.

  • Market and analyst reactions are mixed, celebrating affordability gains but wary of profit margins and potential ‘bait‑and‑switch’ perceptions from time‑bound pricing.

  • Sales trends show a disconnect between pre‑orders and actual purchases, with recalls and quality issues cited as factors dampening interest from traditional pickup buyers.

Summary based on 32 sources


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