Elon Musk's firm is reportedly planning to slash the price of the electric vehicles, which were made at their Shanghai factory in China, and start at $50,547.67.
Bloomberg reports that the price cut will likely arrive in second half of 2020.
Meanwhile, Musk recently ruled out a road bike for Tesla after a near-fatal accident he was involved in aged 17.
The billionaire businessman was asked when we can expect the electric ATV quad bike, which he said will be available at the same time to the Cybertruck, and at the same time admitted it would be "cool" to create an electric dirt bike, though he was adamant that he will never make a road bike, because he "almost died" on one when he was a teenager.
Responding to a Twitter user who asked when the ATV will be released, Elon replied: "We'll aim to have it come out same time as truck. Two seater electric ATV designed to work with Cybertruck will be fun! Electric dirt bikes would be cool too. We won't do road bikes, as too dangerous. I was hit by a truck & almost died on one when I was 17."
The Cybertruck is expected to arrive in 2021 or 2022.