Tesla has introduced more budget-friendly versions of its Cybertruck and Model Y, likely aiming to attract price-conscious buyers amid a tough start to the year. The company recently launched a new Long Range Cybertruck starting at $69,990 and a revised Model Y priced at $49,990, both before applying federal EV tax incentives.
The Long Range Cybertruck, while more affordable than its other variants, comes with some trade-offs. The biggest change is the switch to a single rear-wheel-drive motor, compared to the dual-motor setup in the all-wheel-drive (AWD) model. It also has a reduced towing capacity of 7,500 pounds and lacks a powered tonneau cover, though a soft version is available for an additional $750. This soft cover is said to improve aerodynamics and slightly extend the truck’s range.
That said, the model does offer the longest range in the current Cybertruck lineup, with an estimated 350 miles on a single charge. That’s 25 miles more than the AWD version and 49 miles over the high-performance Cyberbeast trim. With the optional cover, range can increase up to 362 miles. However, performance is more modest—the vehicle accelerates from 0 to 60 mph in 6.2 seconds, significantly slower than the 2.6-second sprint of the Cyberbeast.
The Long Range Cybertruck qualifies for a $7,500 federal EV tax credit, reducing the effective starting price to $62,490. It arrives as Tesla tries to improve Cybertruck sales, which recently totaled just over 46,000 units. The model also follows a recent recall affecting nearly all existing Cybertrucks due to trim-related issues.
Alongside the truck, Tesla has launched a lower-priced Long Range AWD Model Y in the U.S. and Canada. Priced at $49,990 before incentives, buyers can bring the cost down to $41,490 with the federal tax credit. While it shares many specifications with the earlier Launch Edition Model Y Juniper, the new version shaves costs by excluding premium upgrades like the full self-driving package.
The refreshed Model Y offers a 327-mile range and a top speed of 125 mph. It accelerates from 0 to 60 mph in 4.6 seconds—slightly slower than the Juniper edition, which did it in 4.1 seconds. U.S. delivery estimates for the new Model Y range from one to three weeks, while the Long Range Cybertruck is expected to ship between June and July.
With these revised prices and trims, Tesla appears to be recalibrating its EV lineup to better compete in a market increasingly focused on value and availability.
