A pneumatic tire includes an elastomeric casing. The elastomeric casing includes a crown portion, opposing sidewalls, and bead areas that are formed along the sidewalls in spaced relation to the crown portion. The bead areas include at least one bead reinforcing element, such as a bead core and/or a bead filler, that is at least partially formed from carbon fibers. A method of manufacturing a pneumatic tire assembly is also included.