Now that Tesla has finally published the pricing for the Cybertruck—a limited first batch of vehicles has been delivered to waiting customers on Thursday afternoon—people can make actual purchase plans. For some folks, it makes more sense to buy a Tesla Cybertruck starting January 1st, 2024, or even in 2025, rather than this month. And here’s why.
The Tesla Cybertruck qualifies for the $7,500 tax credit. However, if you buy the electric pickup in Q4 2023, you’ll receive the money on your tax return. However, if you get the Cybertruck starting from the first day of 2024, you’ll be able to enjoy the tax credit immediately.
The Tesla Cybertruck “tax loophole” is why it weighs over 6,000 lbs
And there’s a reason why the Tesla Cybertruck weighs over 6,000 lbs (at least for the AWD and Cyberbeast models—see more below). These benefits business owners seeking accelerated depreciation, as you get a $25,000 depreciation bonus for vehicles heavier than the said threshold, as per the section 179 deduction.
The so-called Tesla Cybetruck tax loophole above comes from YouTuber Meet Kebin (on his real name Kevin Paffrath) and is delivered in the clip at the bottom of the story. However, we’ll also state his disclaimer, namely that the information presented here is not personalized financial advice and that it’s best to discuss any move with your CPA (Certified Public Accountant).
Another horizon for those seeking the most financially viable way of acquiring a Tesla Cybertruck is 2025. That’s when Tesla is scheduled to start production of the base model, the single-motor Cybertruck RWD, which makes the most financial sense for certain buyers. We’ll get back to this, but not before taking you through the three models that make up the Cybertruck range.
Tesla Cybertruck range with pricing
The single-motor Cybertruck RWD starts at $60,000, offering 250 miles of range, a 0-60 mph of 6.5s, a top speed of 112 mph, and a towing capacity of 7,500 lbs.
Then we have the dual-motor Cybertruck AWD, starting at $79,990. This offers at least 340 miles of range, can hit 60 mph in 4.1s, and can tow up to 11,000 lbs. Once again, the top speed sits at 112 mph.
At the top of the range we have the tri-motor Cybertruck—officially called Cyberbeast—that kicks off at $99,000. This delivers at least 320 miles of range, will cover the 0 to 60 mph print in 2.6s, and has a higher top speed of 130 mph.
Note that while a limited number of AWD Cybertrucks and Cyberbeasts are reaching their customers this month, Tesla will significantly ramp up deliveries in 2024. Plus, the Cybertruck accessory market may need a little time, but make no mistake, it will be massive—how about this $24,000 Space Camper for the Cybertruck?
Buying the Cybertruck RWD (starting 2025) will give you a value for money edge against the Tesla’s competitors
And sure, some buyers will need an AWD Cybertruck, while others can’t live without the supercar-like acceleration of the Cyberbeast. However, getting the RWD Cybertruck starting 2025 is not just about paying less, but also offers the most value for money when compared to the vast EV, hybrid, and ICE competition of the Tesla pickup. For instance, if we look at the Ford F-150 Lightning, the Blue Oval’s electric truck can roughly match the Cybertruck’s value, but not in the lowest trim comparison, which is where the Tesla truly shines.
Of course, there are buyers for whom getting that Cybertruck out on the street needs to happen ASAP. And these are the folks who aim to use the EV to boost their image.
Given that, even in this tumultuous design era, few vehicles split opinions like the Cybertruck, it’s easy to see why anybody willing to use Tesla’s electric truck to promote their company needs to ride this wave before people eventually get tired of discussing the brutalist design of the vehicle. Heck, even including the Cybertruck in that design category has become a topic of debate.