The Tesla Cybertruck will cost $20,000 more than Elon Musk originally promised — with a 'Cyberbeast' option going for $99,990

  • The cheapest Tesla Cybertruck is going to cost almost $61,000.

  • The Cybertruck was originally supposed to have an affordable starting price.

  • Details for the Cybertruck were finally released Thursday.

The cheapest Tesla Cybertruck, which won't even be available until 2025, is going to cost almost $61,000.

The starting price for the Cybertruck is $60,990 for the rear-wheel drive, 250-mile range model. An all-wheel drive, 340-mile range Cybertruck costs $79,990, while the "Cyberbeast" 320-mile range model will run you $99,990.

All these prices are before taking into account a federal tax credit of up to $7,500 for qualifying vehicles. It's unclear whether Cybertruck will meet the requirements for the full credit.

That's about $20,000 more expensive than Musk originally promised at the Cybertruck's first reveal in 2019. At that time, Tesla advertised an entry price of $39,900 and two higher-performance models costing $49,900 and $59,900.

Those figures were scrubbed from the Tesla website in 2021, and official pricing for the truck was finally announced after a Thursday launch party for the trapezoidal truck. For the last several months, as details of the truck trickled out on social media, order holders still had no idea how much the truck might cost them.

In his most recent public remarks about the Cybertruck, Musk has been hinting that the truck wouldn't be cheap.

A recently rescinded $50,000 resale fine also indicated a more expensive price point, as these fees are usually reserved for high-price, limited-build models.

One of the Cybertruck's main competitors, Ford's F-150 Lightning, currently has a starting price of around $50,000, which is still higher than the original base price of $41,769 advertised at the truck's launch in 2022.

Amid high demand and rising car prices, Ford hiked the Lightning starting price by $4,000 in the spring before pulling it back again in the summer.

Read the original article on Business Insider