Elon Musks Tesla unveils cheaper Cybertruck at under $60K — but theres a catch | Latest Tech News
Tesla unveiled a cheaper Cybertruck variant in the US late Thursday and slashed the price of its most-expensive model, Cyberbeast, as the electric-vehicle maker struggles to discover patrons for its pickup vans.
The Cybertruck was touted by CEO Elon Musk as a futuristic competitor to mass market pickup vans from legacy manufacturers such as Ford, but a number of remembers and high quality control points plagued the car and turned potential clients away.
Tesla has now priced the new dual-motor, all-wheel-drive model at $59,990, making it the company’s most inexpensive Cybertruck yet.
The Cybertruck was touted by CEO Elon Musk as a futuristic competitor to mass market pickup vans from legacy manufacturers such as Ford, but a number of remembers and high quality control points plagued the car and turned potential clients away. AFP via Getty Images
In response to a person post on X about the new variant, Musk said the price tag was efficient only for the next 10 days.
It was not immediately clear what the model shall be priced at following the limited-time offer and Tesla didn’t immediately reply to a request in search of clarification.
The company lowered the Cyberbeast’s price to $99,990 from $114,990.
With the price cut, Tesla seems to be discontinuing its “Luxe Package” for the model that included Supervised Full Self-Driving and free access to its Supercharger community.
Tesla had added the bundle to its lineup last August when it raised the price of the pickup truck.
The head of Tesla’s Cybertruck program, Siddhant Awasthi, announced his departure from the company in November last 12 months amid slow gross sales.
Demand stoop
Musk has diverted his consideration from EV manufacturing to other business traces, wanting to remodel Tesla into a robotics and self-driving company.
The company lowered the Cyberbeast’s price to $99,990 from $114,990. REUTERS
Tesla gross sales have notably sagged as it has launched fewer new fashions over the last a number of years while rivals snatch market share.
Musk’s far-right political rhetoric and the elimination of EV incentives have also alienated some clients.
The broader EV market has slowed since September, when the Trump administration ended the $7,500 federal tax credit.
Musk has diverted his consideration from EV manufacturing to other business traces, wanting to remodel Tesla into a robotics and self-driving company. GIAN EHRENZELLER/EPA/Shutterstock
Price cuts have change into a key half of Tesla’s 2026 strategy, decreasing entry costs to entice more cost-conscious patrons.
Analysts have warned that a larger share of lower-priced autos might keep strain on margins unless Tesla can offset the affect through decreased manufacturing prices or stronger income from software program and providers.
Musk said last month that the company would end manufacturing of its Model X SUV and Model S sedans and instead use the space in its California manufacturing unit to make humanoid robots.
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