Tesla's Cybertruck Pricing Chaos: Affordable Version Dashed, Panic Ripples and Reservation Cancellations

Tesla's highly anticipated Cybertruck, set to launch at the end of November, will not initially offer the rear-wheel-drive base version with a single motor, according to recently filed documents. This contradicts Elon Musk's push for more affordable vehicles, as the base version was expected to be the most affordable model in Tesla's lineup. The delay in offering the lower-priced variant may be due to the complexity of manufacturing the Cybertruck at scale and the need to protect margins. Despite this, Tesla has already received deposits from over 1 million customers, giving Musk the flexibility to prioritize delivering the more profitable tri-motor Performance version.