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Will Tesla's Cybertruck AWD Price Hike of 17% Sustain Demand Momentum?
ZACKS· 2026-03-02 15:16
Core Insights - Tesla, Inc. has increased the price of its newly launched Cybertruck AWD from $59,990 to $69,990, representing a 17% increase just 10 days after its debut [1][7]. Pricing and Demand - The Cybertruck AWD was initially introduced at $59,990, making it the most affordable electric pickup version, featuring dual motors and an estimated range of 325 miles [2][7]. - The introductory price was available for only 10 days, expiring on February 28, with the new price now exceeding the inflation-adjusted equivalent of Tesla's original 2019 Dual Motor estimate of $49,990, which is approximately $64,000 today [3]. - The lower-than-$60,000 pricing was anticipated to drive higher demand, supported by delivery timelines extending over a year shortly after launch [4]. Sales Performance - Tesla's Cybertruck sales have significantly underperformed early projections, dropping from nearly 39,000 units delivered in 2024 to just over 20,000 in 2025, which is well below the annual production capacity of 125,000 units [3][7]. Market Position and Valuation - Tesla's stock has underperformed compared to the Zacks Automotive-Domestic industry and its peers, with a 20.5% gain over the last six months, while the industry grew by 29.4%, General Motors by 36.3%, and Ford by 21.3% [6]. - From a valuation standpoint, Tesla appears overvalued, trading at a forward sales multiple of 14.41, significantly higher than the industry's 3.36, with General Motors and Ford at 0.38 and 0.32, respectively [9]. Earnings Estimates - The Zacks Consensus Estimate for Tesla's EPS for 2026 and 2027 has decreased by 13 cents and one cent, respectively, over the past 30 days [10].