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Tesla cancels most affordable Cybertruck just months after launch
TeslaTesla(US:TSLA) Yahoo Financeยท2025-09-15 13:58

Group 1 - Tesla has removed the rear-wheel drive (RWD) trim model of the Cybertruck from its website just five months after its debut, indicating a decline in sales [1][4] - The base model now available is the all-wheel drive version priced at $72,490 after a $7,500 federal tax credit, with the original price being $79,990 [2][3] - Sales of the Cybertruck have significantly decreased, with only 4,306 units sold in Q2 2025, a 50% drop year-over-year, and a year-to-date total of 10,712 units, which is 7% lower than the previous year [4] Group 2 - The removal of the RWD model and the decline in sales are attributed to the cooling excitement around the Cybertruck line and the impending end of federal tax credits for electric vehicles [4] - Analysts highlight ongoing challenges in the EV market, with fluctuations in consumer demand affecting overall sales [5] - Tesla's board has proposed a pay package for Elon Musk worth up to $1 trillion, which is seen as a strategy to retain his focus on the company [5][6]