Tesla price cuts: Cybertruck drops by over £15,000 and used prices start to drop

• New Tesla Cybertruck prices slashed
• Now starts from £61,000
• Reduction of more than £15,000
• Used prices also fall as production ramps up
• Still no sign of it coming to the UK

Production of the new Tesla Cybertruck is well underway now, with more than 12,000 of them now out on the road. Prices for this rolling axe head have also just been cut, with savings of around £15,000 bringing it back down the original launch price after it was increased earlier this year.

This increase in production has had a knock-on effect on used values as well, because they’re starting to come down thanks to the improved supply. You still can’t order one outside of the USA and Canada though, and there are no signs of this changing.

Tesla cuts Cybertruck prices by £15,000

Tesla has reduced the price of a new Cybertruck by a whopping £15,000 ($20,000), with the base all-wheel drive model now starting from around £61,000 ($80,000). That’s a pretty big saving, however this has just brought the price back down to what it was when the truck first launched.

The tri-motor Cyberbeast has also dropped back down to its original price, with the tri-motor truck now starting from £77,000 ($100,000). There’s still no sign of the cheaper rear-wheel drive model though, with that version promising a starting price of around £50,000.

Tesla Cybertruck used prices start to fall

This drop in the starting price coincides with a fall in used Cybertruck values. As production increases and more of these trucks make it onto the road, they aren’t worth as much on the used market as they were earlier in the year.

In the first few months there were Cybertrucks being listed for almost £150,000 ($200,000) in the states, £84,000 ($115,000) more than the cost of a new one. Some owners faced legal action from Tesla for re-selling their cars so quickly, as this was in violation of the purchase agreement.

Well almost 12 months later the hype is starting to die down, and more than 12,000 Cybertrucks have hit the streets. The waiting time has also plummeted, with Tesla’s website saying you can have one of these trucks as early as October if you order now.

As a result, you can now buy a used Tesla Cybertruck in the USA for less than the cost of a new one for the first time, but not by much. There are currently 278 examples for sale on Autotrader in North America, and prices start from around £67,000 ($90,000) for a dual-motor truck.

That’s close to £7,500 ($10,000) cheaper than a new Cybertruck, however the tri-motor Cyberbeast is still fetching strong money. The cheapest examples are still only a few hundred pounds cheaper than a new one.

Can I get a Tesla Cybertruck in the UK?

For now, no you can’t. Tesla removed the option to pre-order a Cybertruck in the UK and Europe well over a year ago, and there’s no sign of this rolling axe head making an appearance on our streets anytime soon.

That controversial design is a big reason the Cybertruck is unlikely to go on sale here. Not because people don’t like how it looks, but because the sharp angles and blunt front end won’t meet European crash regulations.

Earlier this year Tesla did tour a Cybertruck around the UK and Ireland to give fans a glimpse of this futuristic pickup truck, however there were no opportunities to drive it. No doubt some Tesla mega-fan will find a way to import one at some point, but there will be a lot of hoops to jump through before it’ll be road legal.

New Tesla Cybertruck design: what’s changed since 2019?

It’s hard to believe that it’s been almost five years since Elon Musk first pulled the covers off the Tesla Cybertruck concept, and now the car is finally here we can take a look at how many of the brand’s promises for this electric truck have been fulfilled.

It may come as a surprise to see that the insane design has made it onto the road more or less unscathed. It still looks like a piece of stainless steel origami, and those body panels are actually bulletproof. The production car has the same slim LED light bar as the concept, although the main beams are very well-hidden in the lower bumper. Speaking of the front bumper, it’s slightly larger and lower than the original design, likely to conform to crash regulations.

Things remain just as angular down the side, with this silhouette making the Cybertruck look a bit like an axe head on wheels. Speaking of the wheels they’re 20-inches in diameter, although they look smaller than this thanks to the gigantic tyres, and the aero wheel covers look exactly the same as the concept’s. All Cybertrucks will be delivered in this bare metal finish, although Tesla has just launched two wrap options which you can have fitted at a dealer for $6,500 (just over £5,000). There are just two to choose from though: matte black or white.

The rear end is just as unique as the rest of the truck, with just the lower bumper being tweaked over the concept. Tesla has also integrated the charging port into the black plastic wheel arch, as opposed to the one you see cut into the bodywork on the concept.

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