Elon Musk's Tesla launches cheaper Cybertruck

Tesla is lowering Cybertruck prices and introducing a cheaper variant in the US as demand for its electric pickup weakens and competition intensifies. The company unveiled a new dual motor all wheel drive Cybertruck priced at $59,990. It also reduced the price of its premium Cyberbeast model to $99,990 from $114,990. The changes reflect Tesla’s broader strategy of lowering entry prices to attract buyers without waiting for a new mass market vehicle, while adjusting to slower electric vehicle demand and shifting market conditions. Late last year, head of Tesla's Cybertruck program, Siddhant Awasthi, announced his departure from the EV maker. Cheaper model Tesla’s new dual motor all wheel drive Cybertruck introduces a lower priced option to its pickup lineup. At $59,990,…