Tesla confirms cybertruck dual-motor awd price increase after February 28

Tesla has announced that the price of its new Dual Motor All-Wheel-Drive Cybertruck trim, currently at $59,990, will rise after February 28, 2026. The company launched the configuration last week, following comments from CEO Elon Musk that the introductory price would last only ten days. This move comes amid mixed reactions from fans and owners regarding the timing and communication.

Tesla introduced the Dual Motor All-Wheel-Drive Cybertruck trim last week at $59,990, aiming to boost demand for the electric pickup, which has seen underwhelming sales since its debut. The trim includes features such as an estimated 325 miles of range, powered tonneau cover, bed outlets (two 120V and one 240V) with Powershare capability, coil springs with adaptive damping suspension, heated first-row seats with textile material, steer-by-wire and four-wheel steering, a 6-foot by 4-foot composite bed, towing capacity up to 7,500 pounds, and a powered frunk.

Hours after the launch, Elon Musk stated on X that the price would remain at this level "just for 10 days," later clarifying that any adjustment would "depend on how much demand we see at this price level." Tesla has now confirmed via a banner on its Design Configurator website that the $59,990 price applies only until February 28, 2026. A post from Sawyer Merritt on February 24, 2026, highlighted: "NEWS: Tesla has officially announced that the price of the new Cybertruck Dual-Motor AWD will be increasing after February 28th."

The decision has drawn criticism from some owners. Ryan McCaffrey tweeted on February 24, 2026: "Awful way to treat customers – particularly when they already sent out a marketing email announcing the $59,990 truck…with zero mention of it being a limited-time offer." Others defend the approach as a logical response to market demand. The next higher trim, Premium All-Wheel-Drive, starts at $79,990 and offers enhanced towing up to 11,000 pounds, vegan leather seats, 15 speakers, and adjustable ride height.

This pricing strategy contrasts with Tesla's earlier Rear-Wheel-Drive Cybertruck trim, launched last year at a similar price but canceled after a few months due to low demand.

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Tesla Cybertruck Dual Motor AWD with price hike from $59,990 to $69,990 after 10-day offer ends, showroom scene.
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Tesla raises Cybertruck Dual Motor AWD price to $69,990 as 10-day introductory offer ends

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Tesla has increased the price of its entry-level Cybertruck Dual Motor All-Wheel Drive from $59,990 to $69,990 effective March 1, 2026—just 10 days after launch—following CEO Elon Musk's announcement of temporary pricing amid strong demand pushing deliveries to 2027. The company also discontinued the lease option for this trim, further distancing current prices from 2019 promises.

Tesla has pushed back the estimated delivery for new orders of its Cybertruck Dual Motor All-Wheel Drive variant to September-October 2026, from an initial June timeline. The company also plans to raise the price after February 28, following strong initial demand for the sub-$60,000 model. This development comes amid ongoing efforts to boost sales of the electric pickup.

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Tesla introduced a Dual Motor All-Wheel Drive base Cybertruck at $59,990—a $20,000 cut from the $79,240 premium AWD trim—available only until February 28, 2026, alongside a Cyberbeast reduction to $99,240. Amid 2025 sales of 20,237 units (down 48% YoY), strong demand has pushed U.S. deliveries to April 2027, as CEO Elon Musk noted future pricing will depend on this period.

Building on expert Doug DeMuro's forecast of used Cybertruck prices falling to $35,000 within 18 months, initial excitement is waning beyond early adopters. Online reactions highlight novelty wearing off, while Tesla faces resale concerns, 2025 sales drops linked to Elon Musk's politics, and intensifying EV rivalry.

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Tesla's Cybertruck sales plummeted 48% in 2025 to 20,237 units from 38,965 in 2024—the steepest decline among U.S. electric vehicles—per Cox Automotive and Kelley Blue Book data. The downturn, far below initial projections of 250,000 annual units, stemmed from multiple recalls, the end of $7,500 federal tax credits, affordability issues, design polarization, and Elon Musk-linked backlash, despite international expansion and a leading EV market share.

Tesla shares fell approximately 2.6% to around $392 in early trading on March 2, 2026, amid rising oil prices from Middle East tensions and mixed European sales data. The decline followed a Cybertruck price increase to $69,990 for the dual-motor all-wheel-drive model. Investors weighed these factors against ongoing demand concerns in key markets.

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Following initial reports of SpaceX acquiring over 1,000 Tesla Cybertrucks (potentially up to 2,000, valued at $100-200 million), deliveries are now visible at SpaceX sites in Texas and California. The move draws mixed reactions as Tesla grapples with Cybertruck sales declines, recalls, and inventory buildup.

 

 

 

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