Tesla Begins Cybertruck Deliveries; New Affordable Model Teased

Despite higher-than-expected pricing, analysts believe the Cybertruck is competitively priced and serves as a marketing tool for Tesla.

Tesla has begun delivering its long-awaited Cybertruck, with the first batch of vehicles handed over to customers at an event at the company's Austin, Texas, headquarters.
The Cybertruck's pricing starts at $60,990, significantly higher than the $39,900 that Tesla initially said it would cost in 2019.
Tesla is also offering a fully-loaded Cybertruck ‘Foundation Series’ for $120,000, which includes premium accessories, charging equipment with Powershare home backup hardware, all-terrain tires, and Full Self-Driving capability.
CEO Elon Musk has hinted at the development of a more affordable Tesla model, stating that the manufacturing advancements for this vehicle will be 'revolutionary'.
Despite the higher-than-expected pricing, some analysts believe the Cybertruck is competitively priced within the industry and serves as a 'marketing machine' for Tesla.