Elon Musk’s Tesla triples previous Cybertruck discounts on 2024 models

Elon Musk-owned Tesla has significantly increased discounts on its Cybertruck in recent days as the electric pickup truck struggles with sluggish demand and rising inventory, a report has said. The automaker faced challenges selling the Cybertruck in 2024, its first full year of production.

According to a report by The Economic Times, Tesla is offering discounts of up to $6,000 on available Cybertrucks in the US. This discount is, however, on Foundation Series Cybertrucks and $5,100 on non-Foundation Series Cybertrucks in its inventory. The offers apply to new 2024 model-year vehicles.