FYI: Tesla has just opened orders for its limited-edition Cybertruck "Foundation Series," available immediately without a reservation.
Tesla Launches Cybertruck ‘Foundation Series’ Orders: No Reservation Needed
Tesla has recently announced the availability of its highly anticipated Cybertruck "Foundation Series" on its official website, eliminating the need for prior reservations. Excitingly, this limited-edition electric truck is now up for grabs directly via Tesla’s order configurator tool.
Key Details on Availability
- Order Process: Enthusiasts can secure their Cybertruck “Foundation Series” directly through Tesla’s online order configurator.
- Delivery Estimates: Customers can expect deliveries between September and December. The dual-motor AWD versions are slated for the earlier slot, while the tri-motor Cyberbeast will follow.
- Limited Edition: Tesla has labeled the Foundation Series as a "limited edition," with availability restricted to the first production year.
Price and Reservation Refunds
While the exact pricing for the Foundation Series is detailed during the configuration process, Tesla has clarified that existing reservation holders can request refunds on their $100 deposit. However, this move might be a double-edged sword:
- Refund Option: Reservation holders are eligible for a $100 deposit refund.
- Prioritization: Experts suggest reservation holders might still be prioritized for non-Foundation Series models, implying that canceling a reservation could lead to longer waiting times for different configurations.
Production Updates
Contrary to speculation earlier this year, Tesla has confirmed the ongoing production of the Foundation Series Cybertruck. Elon Musk himself noted the imminent conclusion of this series, leading to a rise in demand:
- Production Continuity: Reports and comments from Tesla’s Vehicle Program Manager have confirmed continuous production.
- Musk’s Statement: At Tesla’s 2024 Annual Shareholder Meeting, Musk hinted at winding down the Foundation Series soon, with non-Foundation Series models following next quarter.
- Extended Deliveries: Given the high demand, Tesla has extended the delivery timeline for the Foundation Series through late 2024.
Initial Launch and Expansion
The journey of the Foundation Series Cybertruck began with a launch event in November, followed by broader deliveries and an order window exclusively for early reservation holders in December. This opening to the wider public represents a significant expansion of Tesla’s initial strategy.
Conclusion
Tesla’s decision to open up orders for the Foundation Series Cybertruck without requiring reservations marks a significant step in its EV strategy, responding to growing market demand. With production and delivery timelines now clearly outlined, the electric truck market is set for a new wave of excitement.
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Author: William Kouch, Editor of Automotive.fyi
