Here's how the Tesla Cybertruck could cost $1 million each

Elon Musk said during Tesla's second-quarter earnings call that if Tesla does this, then the Cybertruck will be $1 million each.

53 seconds read time

Elon Musk has said that the production of the Tesla Cybertruck won't begin until the production of the Model Y is at volume.

Here's how the Tesla Cybertruck could cost $1 million each 02

Musk revealed the news during Tesla's second-quarter earnings call and said that the Tesla Semi won't be launched until next year and that there are many supply and engineering challenges ahead of the company. The Tesla CEO goes on to explain that the priority of the new Tesla plant in Texas will be the Model Y and that the Model Y, Semi, and Cybertruck will be fitted with Tesla's next-generation 4680 battery technology.

Due to the Cybertruck and Semi being "heavy users of cell capacity", putting the next-generation batteries into these vehicles won't be economically viable until a steady supply is created with a large volume. Musk continued and said that if Tesla began production on the Cybertruck at low volumes now, the vehicle might cost "$1 million a piece", hence why the company has decided to delay production.

It should be noted that Tesla has been marketing the Cybertruck towards a launch by the end of a year in the following price ranges; $39,990 to $69,990. Musk didn't confirm if the launch by the end of 2021 is still the official time frame for Cybertruck.

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Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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