Tesla’s Cheapest Cybertruck Costs $60,990, Will Arrive in 2025

After years of development delays and manufacturing snags, Tesla Inc. finally handed over its first Blade Runner-esque Cybertrucks to customers.

Chief Executive Officer Elon Musk delivered a handful of pickups on Thursday to owners including Reddit co-founder Alexis Ohanian. The automaker provided a long-awaited update on pricing and specifications, estimating the base version will cost $60,990, up more than 50% from the cheapest option floated four years ago. It won’t be available until 2025.

Tesla is taking reservations for that vehicle and two configurations that it will deliver next year, which cost an estimated $79,990 and $99,990. The ...