Two years after Tesla was due to deliver its first electric trucks, the Cybertruck is really, truly here—and the base model costs $61,000. That’s about $21,000 more than CEO Elon Musk promised when the Cybertruck was first introduced four years ago. And that cheapest model won’t be available until 2025.

Want one of these one-of-a-kind vehicles for your own? Deliveries to reservation holders started onstage at the Austin, Texas, event today, with Musk himself doing the honors. Tesla’s webpages say that two other versions of the Cybertruck, an all-wheel drive model (estimated at $80,000) and a “Cyberbeast” premium model (estimated at $100,000), will be available next year.

Musk said last month that Tesla will really start churning out the trucks in 2025, when he expects to hit 250,000 produced a year. But anyone who hasn’t already made a reservation yet—as Tesla says more than 1 million people have—might have to wait longer. Tesla more than doubled the price of a (refundable) reservation today, to $250.

Another crucial stat: 250 miles per charge for the base model Cybertruck, and 320 for the premium Cyberbeast. Compare that to plug-powered competitors including the Rivian R1T (which gets 270 to 350 miles a charge) and the Ford F-150 Lightning (which gets between 230 and 320 miles), and that’s not as impressive as some were hoping.

This is a developing story, check back for updates.

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MuskWire TLDR:

Tesla has finally released its long-awaited Cybertruck, but it comes with a higher price tag than initially promised. The base model of the Cybertruck now costs $61,000, which is $21,000 more than what CEO Elon Musk had originally stated four years ago. However, this cheapest model won’t be available until 2025. Deliveries to reservation holders began at an event in Austin, Texas, with Musk himself overseeing the process. Tesla plans to introduce two other versions of the Cybertruck next year, including an all-wheel drive model estimated at $80,000 and a premium model called “Cyberbeast” estimated at $100,000.

Musk has stated that Tesla will begin mass-producing the trucks in 2025, aiming to reach an annual production rate of 250,000 units. However, those who haven’t reserved the Cybertruck yet might face longer wait times. Tesla has also increased the price of a reservation to $250. In terms of range, the base model Cybertruck offers 250 miles per charge, while the premium Cyberbeast model provides 320 miles. Although these figures are respectable, they fall short compared to competitors such as the Rivian R1T and Ford F-150 Lightning, which offer ranges of 270-350 miles and 230-320 miles respectively.

Please note that this is a developing story, and updates may follow.