With its futuristic look, smooth aerodynamic profile and National Highway Traffic Safety Administration (NHTSA) five-star overall safety rating the Tesla Cybertruck is certainly something to behold.
The Cybertruck is unique in its smooth, quiet ride thanks to the 360-degree acoustic glass and with its special drive modes, it can go virtually anywhere the road travels, even off the beaten path. Buyers can also choose to purchase the vehicle with a supervised Full Self-Driving mode.
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Usually you have to drop big money to drive one of these — but thanks to these discounts, it is a smart time to buy Tesla’s most talked-about truck.
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2024 Cybertruck Tesla Discounts
For those who are interested in buying a Tesla Cybertruck, now is the time.
Cybertruck sales have been lower than expected, and Tesla is discounting thousands of 2024 Cybertrucks that are not eligible for the federal tax credit, according to Electrek. This will help reduce the excess inventory the manufacturer is currently sitting on.
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The original price of the 2024 Cybertruck is listed at $81,985, the Cyberbeast has a price of $101,985 and the Foundation Series Cybertruck can be purchased for $121,985, all according to Car and Driver.
Available inventory discounts include $10,000 off the Foundation Series Cybertruck and $10,550 off the original sticker price of the Non-Foundation Series Cybertruck, according to Teslarati. To sweeten the deal, buyers of the Foundation Series Cybertrucks will receive free lifetime Supercharging.
Other Discounts
Here are other types of discounts that apply to Tesla Cybertrucks.
Federal Tax Credit
The $7,500 federal tax credit to make new EVs more affordable applies to the 2025 Cybertruck. The purchase price is $69,990 and buyers will receive the federal tax credit when they file their taxes.
Business Tax Deduction
Businesses wishing to purchase a new Cybertruck may be able to claim the Section 179 Deduction of $31,300 if they plan to operate the vehicle for up to 50% of legitimate business use, according to Tesla’s website.
Be sure to review the IRS website and consult with a tax advisor to find out about the full list of requirements and limitations of Section 179 Deduction.
State and Local Utility Incentives
Some states offer utility incentives for electric vehicles. Rebates that may be available could mean a reduction in the purchase price or could be claimed after purchasing the electric vehicle.
Editor’s note: Information is accurate as of April 30, 2025.
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Sources
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Teslarati, “Tesla offers new discounts on Cybertruck inventory.”
This article originally appeared on GOBankingRates.com: Now Is the Best Time To Buy a Tesla Cybertruck — You Can Score Up to a $10K Discount
