Tesla’s Cybertruck is getting deeper discounts and production cuts

Tesla has plenty of Cybertrucks listed on its website, and they’ve got some hefty discounts, including many for about $10,000 off, Electrek reports. Many are from the 2024 model year and include limited “Foundation Series” Cybertrucks that ended production in October, plus some lightly used “demo” ones we saw that have racked up around 300 miles on the odometer.

Some Cybertruck models in stock won’t be eligible for the $7,500 federal tax credit either due to their age or because the sticker price is too high. But as of this writing, interested buyers could get more than that with the available discounts, including as much as a $11,990 cut off a top Cyberbeast model that usually sells for $119,990. In January, the company offered up to $2,600 off inventory Cybertrucks.

Business Insider reports Tesla is also slowing down Cybertruck manufacturing at its Texas factory and shrinking its production teams. Some line workers are being moved over to build better-selling Model Y vehicles, but it, too, has seen a year-over-year decline in sales as reported by the company earlier this month.