Tesla launches Cybertruck with up to 470 miles of range, starts at $61,000
Tesla launched Cybertruck with up to 470 miles (756 km) of range and starting at $61,000 for the base version.
But we are getting more questions than answers despite deliveries starting.
We have been waiting four years for this, and it is finally here.
After several delays, Tesla has officially started deliveries of the Cybertruck, and with the first deliveries, Tesla has released the official specs and pricing for its first electric pickup truck.
Let’s get right into it.
Tesla Cybertruck Specs and Pricing
The specs are pretty close to the original announcement for the first two versions of the Cybertruck, but the top version got a significant downgrade.
Here are the main specs:
| Rear-Wheel Drive | All-Wheel Drive | CyberBeast | |
| Price | $60,990 | $79,990 | $99,990 |
| Range | 250 miles | 340 miles | 320 miles |
| Range with extender??? | Not mentioned | 470+ miles | 440+ miles |
| Acceleration 0-60 mph | 6.5 sec | 3.9 sec | 2.6 sec |
| Drivetrain | rear-wheel drive | All-wheel drive | All-wheel drive |
| Top speed | 112 mph | 112 mph | 130 mph |
| Towing | 7,500 lbs | 11,000 lbs | 11,000 lbs |
The prices are way up from the original unveiling in 2019, but that was to be expected.
The biggest changes are to the range since the top version of the truck was advertised at 500 miles of range.
Now, Tesla is advertising 340 miles of range for the dual motor version and 320 miles for the tri-motor version, which is now called “Cyberbeast”.
However, the automaker is now talking about a “range extender” that can add range for those two versions, but the company hasn’t explained what this range extender entails.
In the past, other automakers have used the term “range extender” for small gasoline generator, like in the BMW i3. I doubt that Tesla is going to use any kind of fossil fuel. It’s most likely going to be a battery add-on, but it would have been nice for Tesla to explain.
Update: Elon has since explained the range extender:
Tesla confirmed that the Cybertruck’s bed is 6′ by 4′ and the truck has a 6,859-lb curb weight
The electric truck also out pulls a Ford F-350 in a test that they shared during the launch event:
The design might be polarizing, but it does deliver on aerodynamic performance with a 0.335 drag coefficient, which is better than I and most people expected.
The vehicle comes with 35″ all-terrain tires and has 17″ ground clearance throughout the whole truck, thanks to a flat belly.
Tesla also confirmed that the Cybertruck is its first steer-by-wire vehicle, which we suspected following a recent patent.
Another first is the 48-volt system. Congrats to Tesla for having the guts to move away from 12-volt. It’s going to result in 70% less wire inside the vehicle.
In terms of performance, the Cyberbeast version can do a quarter mile in less 11 seconds and CEO Elon Musk even claimed that the truck can beat a Porsche 911 on the quarter-mile while towing another 911.
The vehicle’s bed is equipped with both 120 and 240-volt power outlets, which should cover all your needs on the go.
- Outlets: 4 x 120V
• 2 cabin outlets (up to 20A)
• 2 cargo bed outlets (up to 20A) - Outlets: 1 x 240V
• 1 cargo bed outlet (up to 40A)
As expected, the vehicle is also capable of vehicle-to-home functionality that Tesla calls “Powershare”. We are going to have a whole separate article digging into that in a few moments.
The 240-volt outlet in the bed can also be used to charge other electric vehicles fairly easily.
Tesla shared this image as an example:
As for the interior of the vehicle, CEO Elon Musk didn’t spend much time on it during the event, but it hasn’t been updated much since the original unveiling.
Tesla took some cues from the Model 3 refresh and added an ambient lighting strip all along the dash.
Here’s an official picture of the Cybertruck’s interior:
Electrek’s Take
The event in itself was really disappointing. It was basically a redo of the original event in 2019 with a few deliveries.
Elon even claimed that they were going to remake the infamous steel ball test, but they did it with a baseball, which is hardly the same as a steel ball.
I can forgive that, but what was weirder is the fact that Elon didn’t even discuss range and pricing during the event. We had to wait until Tesla updated the configurator to know about those.
Then we have even more questions after the mention of a “range extender”. You can’t write that without going into more details and we are trying to learn more about it as I write this. (Update: Elon has clarified on Twitter – see above).
That’s stuff that needs to be clarified.
As for the pricing, which is probably the biggest new piece of information from this whole event (even though it wasn’t even discussed during the presentation), it is a bit disappointing.
It basically starts at $80,000 (just under the limit for the $7,500 federal tax credit) for the all-wheel drive and that’s before the range extender option, which we don’t have pricing on.
That’s not an easy sell in my opinion. It’s basically a 50% price increase across all versions of the truck compared to the 2019 prices.
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Environment
The global critical minerals race is heating up — and rare earths stocks are skyrocketing
A wheel loader takes ore to a crusher at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020.
Steve Marcus | Reuters
The emergence of critical minerals as a new arena of geopolitical competition has coincided with a dizzying rally in U.S.-listed rare earths mining stocks.
Despite paring gains in recent weeks, shares of Critical Metals have advanced 241% over the last three months, while NioCorp Developments, Energy Fuels and Idaho Strategic Resources have all surged well above 100% over the same period.
The eye-watering gains are even more remarkable year-to-date. Energy Fuels’ stock price has quadrupled through the first 10 months of the year, while NioCorp Developments’ shares have nearly quintupled.
Rare earths have come to the fore as a key bargaining chip in the ongoing geopolitical rivalry between the U.S. and China, the world’s two largest economies.
Tony Sage, CEO of Critical Metals, which has one of the world’s largest rare earths deposits in southern Greenland, described the rally of U.S.-listed rare earths miners as evidence of a major market boom.
“I talk of it like this, I mean, there have been four big booms. You had the gold boom in the 19th century, the oil boom in the 20th century, in the early 21st century you had the tech boom — and now you’ve got the rare earths boom,” Sage told CNBC by telephone.
“But the rare earths boom is the future. It will power all of the above.”
We are going from a philosophy of ‘fill the gap’ through imports to ‘mine the gap’ domestically or regionally.
Audun Martinsen
Head of supply chain research at Rystad Energy
Rare earths refer to 17 elements on the periodic table that have an atomic structure that gives them special magnetic properties. These materials are vital components to a vast array of modern technologies, from everyday electronics, such as smartphones, to electric vehicles and military equipment.
China, which has a near-monopoly on rare earths, recently threatened to expand its export controls on the elements to further leverage its dominance of the supply chain. However, following an in-person meeting in South Korea on Thursday between U.S. President Donald Trump and Chinese leader Xi Jinping, Beijing agreed to delay the Oct. 9 export controls by one year.
U.S.-listed rare earths stocks rallied on the news, although analysts remain skeptical about whether the apparent trade truce can offer long-term relief.
U.S. President Donald Trump shakes hands with Chinese President Xi Jinping as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025.
Evelyn Hockstein | Reuters
“As in all booms, there were a lot of oil companies that couldn’t find oil and there were a lot of gold companies that couldn’t find gold. And I’m sure there are going to be a lot of rare earths companies that won’t make it either — because when there’s a boom, there’s hype. And when there’s hype, there’s overexuberance in investing,” Critical Metals’ Sage said.
“It’s not a straight rise up. It’s a jagged line, but the trend is in the right direction if you’ve got the right project in the right place, and you’ve got the right partners,” he added.
‘A much bigger and longer supercycle’
Kevin Das, senior technical consultant at New Frontier Minerals, an Australian-based rare earths explorer, agreed with Sage’s description of a rare earths market boom, while acknowledging the likelihood of stock price pullbacks.
“People are saying we’re in an uptrend on what is a bigger supercycle and some of the evidence behind that is there has been low commodity prices for some time, there’s been underinvestment. And now, with the advent of AI … we’re going to see a much bigger and longer supercycle,” Das told CNBC by telephone.
Das drew parallels between the Biden administration’s support of clean energy projects, which coincided with a rally in lithium-related stocks, and the Trump administration’s backing of rare earths.
Shares of Critical Metals over the last three months.
“In the last nine to 10 months that Trump has been in power, he’s talked about annexing Greenland, he’s talked about doing a deal with Ukraine for rare earths and then the real clincher was this equity deal with MP Materials,” Das said.
“So, I think the runway over the next two to three years is going to be very fruitful,” he added.
Not everyone is as bullish on the outlook for rare earths-related stocks, however.
Audun Martinsen, head of supply chain research at Rystad Energy, said the recent surge in equity prices reflected a mix of geopolitical tension, strategic policy support and speculative momentum.
“Rare earths have clearly moved to the center of global industrial strategy, vital for defense, EVs and clean energy, but this looks more like the early stages of a structural shift than a mature ‘fourth boom,'” Martinsen told CNBC by email.
Neodymium is displayed at the Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. factory in Baotou, Inner Mongolia, China, on Wednesday, May 5, 2010.
Bloomberg | Bloomberg | Getty Images
“We are going from a philosophy of ‘fill the gap’ through imports to ‘mine the gap’ domestically or regionally,” he continued. “It will be a lengthy, expensive and rocky path forward as adequate, cost-effective resources and element diversity are complex to get full control over.”
Clean energy transition
Gernot Wagner, a climate economist at Columbia University, said there were two clear factors at work as global competition intensifies to secure the supply of critical minerals — one structural and the other political.
“The structural: Despite whatever political attempts there may be to stop or derail things, the clean-energy transition is happening — and it is accelerating — and yes, it depends on a number of critical minerals, whose prices are bound to jump,” Wagner told CNBC by email.
China, for instance, is the low-cost supplier of many of these minerals, Wagner said, noting that the Asian giant’s mineral dominance is by no means an accident.
“Beijing has invested heavily in green industrial policy for years, focusing on the full, integrated supply chain. That’s where politics enters,” Wagner said.
“Some attempts to onshore supply chains are eminently justified for national security and other reasons, and those attempts will increase prices and stocks of U.S. mining companies. Some of what we see, of course, is merely the current politics or erratic trade wars and the like,” he added.
For the last few weeks, we’ve been running a sidebar survey about how much Electrek readers think it would cost to add EV charging systems to their homes. After receiving over twenty-four hundred responses, here’s what you told us.
In our previous survey, we asked readers why they chose to install solar panels at home. In the recap, many of our commenters mentioned having their systems systems pull double duty — charging home backup batteries and topping off their electric cars. That got us thinking: as more and more first-time EV owners look into the many benefits of home charging, how much do they expect to pay for home charging?
Based on over 2,400 responses, this is what you told us.
What do you expect to pay for home charging?
The most positive surprise was that more than a third of Electrek readers who responded to the poll already had 240V outlets in their garage, so they expected to pay effectively $0 – their homes are EV ready now!
Of the remaining 64%, 44% were fairly evenly split between a relatively straightforward ~$500-1,000 wiring job with a few wiring or panel upgrades while only about 18% expected to spend over $1,000 due to having an older home, a detached garage, or for some other (apparently pricey and/or inconvenient) reason.
Navigating the questions
Just like you would for home solar, we’d recommend getting a quote from several installers before making a decision. One of our trusted partners, Qmerit, offers a quote-sourcing service called PowerHouse. The service scans pricing from thousands of completed electrification installations across North America to provide the best quotes that take regional variability into account and work with homeowners to “bundle” chargers, installation, and even batteries.
America has arrived at an inflection point in which all of the technical, policy and financial elements are in place to support a societal shift toward whole-home electrification. Now what’s needed is a comprehensive way to assemble these complex elements into a simple, financeable, home-energy retrofit that makes it easier to implement.
QMERIT FOUNDER TRACY PRICE
Qmerit says its new bundling program can flag the potential for federal, state, and local utility incentives like the ones we’ve covered from Illinois utility ComEd and others that can reduce or even eliminate the upfront costs of home installations for many.
Original content from Electrek.
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Following a lawsuit brought against the California Air Resources Board (CARB) by major heavy truck manufacturers over California’s emissions requirements, CARB has struck back with fresh lawsuit of its own alleging that the manufacturers violated the terms of the 2023 Clean Truck Partnership agreement to sell cleaner vehicles.
Daimler Truck North America, International Motors, Paccar and Volvo Group North America sued the California Air Resources Board in federal court this past August, seeking to invalidate the Clean Truck Partnership emissions reduction deal they signed with the state in 2023 to move away from traditional trucks and toward zero-emission vehicles (ZEVs). The main point of the lawsuit was that, because the incoming Trump Administration rolled back Environmental Protection Agency (EPA) policies that had previously given individual states the right to set their own environmental and emissions laws, the truck makers shouldn’t have to honor the deals signed with individual states.
“Plaintiffs are caught in the crossfire: California demands that OEMs follow preempted laws; the United States maintains such laws are illegal and orders OEMs to disregard them,” the lawsuit reads. “Accordingly, Plaintiff OEMs file this lawsuit to clarify their legal obligations under federal and state law and to enjoin California from enforcing standards preempted by federal law.”
After several weeks of waiting for a response, we finally have one: CARB is suing the OEMs right back, claiming that the initial suit proves the signing manufacturers, “(have) unambiguously stated that they do not intend to comply.”
They want to sell Americans more diesel
In its lawsuit, CARB argues that monetary damages alone would not make the people of the State of California whole as far as damages are concerned, citing that the stated goal of the 2023 Clean Truck Partnership was, “to achieve emissions reductions that cannot be measured strictly in financial terms,” according to ACT-News.
The agency is asking the court to compel the truck companies to perform on their 2023 obligations or, failing that, to allow CARB to rescind the contract and recover its costs. A hearing on the truck makers’ request for a preliminary injunction was held Friday, with another court date set for November 21, when CARB will seek to dismiss the case brought forth by the truck brands. The outcome of these cases could shape how state and federal government agencies cooperation on emissions rules in the future.
You can read the full 22-page lawsuit, below, then let us know what you think of CARB’s response (and their chances of succeeding) in the comments.
SOURCES: CARB; via ACT-News, Trucking Dive.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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