• Tesla launches $59,990 dual-motor Cybertruck with 325-mile range.
  • Has lower tow rating and payload, 18-inch wheels and fixed ride height.
  • Top-spec tri-motor Cyberbeast’s price slashed by $15,000 to $99,990.

The Cybertruck is a shiny, silver flop that’s selling just a fraction of what CEO Elon Musk hoped. Tesla’s latest plan to remedy that problem is to introduce a new, less luxurious base truck for under $60k and give the halo model Cyberbeast’s price a big haircut.

More: Tesla Avoids A Massive California Ban By Junking Its Most Famous Feature

The company has just unveiled a new Dual Motor All-Wheel Drive Cybertruck starting at $59,990. Granted, it’s the cheapest version yet, but it’s still nowhere near the $40,000 “base price” Elon Musk promised when the Cybertruck first rolled onto stage in 2019. In fact, it’s basically 50 percent more.

At the same time, Tesla trimmed the range-topping Cyberbeast to $99,990, undoing a $15,000 price hike from last summer.

Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More

This new entry-level model isn’t totally devoid of desirable kit. It still gets two electric motors, and is good for the same 325 miles (523 km) of range and 4.1-second 0-60 mph (97 kmh) time as the $79,990 Premium All-Wheel Drive.

Simpler Suspension

And it features four-wheel steering, a powered tonneau cover, bed outlets including a 240 volt plug, and fast charging speeds. But coil springs and adaptive dampers replace the fancy height-adjustable air suspension, and inside you get heated front seats wrapped in easy to clean textile rather than premium trim with ventilation.

And there are functional trade-offs that might be deal breakers for some potential buyers. The tow rating drops to 7,500 lbs (3,400 kg) from 11,000 lbs (4,990 kg), for instance. But compared to the short lived single motor, rear-wheel drive version that started at $69,990 and then quietly disappeared when no one bought it, this looks like much better value.

Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More

Value, of course, is relative. When the Cybertruck was revealed in 2019, Elon Musk promised a $40,000 starting price. When deliveries began in 2023, the first Foundation Series trucks cost around $120,000.

Sales Collapse

The timing is no accident. Tesla sold just over 20,000 Cybertrucks in the US last year, roughly half its 2024 tally and less than a tenth of the annual sales targets Musk once suggested. Meanwhile the broader EV market has cooled since federal tax credits disappeared in September, and competition is heating up.

Tesla has also been trimming elsewhere, recently introducing cheaper Model 3 and Y variants and announcing the end of the Model S and Model X to free up factory space for humanoid robots.

Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More
Elon’s $40,000 Cybertruck Is Finally Here. It Just Costs 50% More