The popular Cybertruck is introducing a new model! Tesla, Inc. (TSLA.US) has launched a low-cost version of the Cybertruck in the United States.

According to the financial app, the global electric vehicle leader Tesla, Inc. (TSLA.US) has launched a new version of its "Cybertruck" pickup truck in the US market, with a cyberpunk style - the Long Range Rear-Wheel Drive (RWD) Cybertruck, starting at $69,990. The official Tesla, Inc. website states that this updated version of the pickup truck is positioned as the "most economical Cybertruck model," and after enjoying the $7,500 US federal electric vehicle tax credit, the actual price can drop to $62,490. It is understood that this latest version of the Cybertruck is currently exclusively available in the US market, with the first batch of deliveries expected to start in June or July. For comparison, the Cybertruck Dual Motor All-Wheel Drive (AWD) version starts at $79,990, while the three-motor Cyberbeast high-performance version starts at a whopping $99,990. Therefore, the newly launched RWD version of the Cybertruck can be considered the most cost-effective model. On the day of the release of the new Cybertruck, the Tesla, Inc. brand of electric vehicles held a listing event in Riyadh, the capital of Saudi Arabia, which is extremely rich in oil resources. It is reported that Tesla, Inc. held a press conference in Riyadh on April 10, and then planned to open pop-up stores in Riyadh, Jeddah, and Dammam on April 11. Although Saudi Arabia is rich in oil resources, it is not unfamiliar with electric vehicles - the country is developing its own domestic electric vehicle manufacturing industry and holds a majority stake in Lucid Motors (LCID.US), an electric vehicle manufacturer based in California. Venturing into the electric vehicle manufacturing field is also part of Saudi Arabia's Vision 2030, which aims to achieve economic diversification and reduce reliance on oil. According to a consumer survey conducted by PwC in the Middle East last year, over 40% of Saudi consumers are considering purchasing an electric vehicle in the next three years. In light of changes in tariff policies, the US-based electric car manufacturer has temporarily suspended new orders for Model S and Model X on its China website. Since assuming the leadership of DOGE (Department of Government Efficiency) in the US, Musk has made radical reforms and streamlining of the federal government structure, leading to collective opposition from the US civil service, the Democratic Party, and non-MAGA factions of the Republican Party, demanding constraints on Musk by Trump. In addition, Musk has used his commercial and political influence to intervene in European politics and elections, which has led to global protests and calls to boycott and sell Tesla, Inc. stocks. Combined with the ongoing escalation of the US-China trade war, this has ultimately led to Tesla, Inc., the leader in electric vehicles, experiencing a more than 40% drop in stock price this year. Due to concerns that the Trump administration's aggressive foreign tariff policies will weaken the global electric vehicle industry, several analysts on Wall Street have lowered Tesla, Inc.'s target stock price on Thursday. UBS Group AG, a long-term bear on Tesla, Inc., has significantly lowered Tesla, Inc.'s target stock price to $190 within 12 months, and predicts that the car delivery volume of this electric vehicle manufacturer will decrease by 11% in 2025. As of the close of the US stock market on Thursday, Tesla, Inc.'s stock price fell by 7.27% to $252.400. According to a research report released by the UBS Group AG analyst team, the Trump administration's tariffs on the global automotive industry could increase the average cost of each vehicle by $5,000 and reduce domestic demand in the US by 9%, considering the current 25% automotive tariff and the 25% import tax on automotive parts that will take effect next month.