Tesla has a new entry-level Cybertruck with longer range, and it’s the cheapest model yet at $69,990 before the federal $7,500 credit. Tesla pulled some significant features to achieve the price cut.

Tesla (TSLA.O), opens new tab on Thursday said it has launched a new version of Cybertruck in the United States, priced at $69,990. The new Cybertruck long-range variant is the cheapest among the three models it currently has in the U.

Tesla has had trouble selling Cybertrucks. Credit Elon Musk's political involvement, recalls, and build quality issues, or perhaps just a lack of demand. Tesla has been offering discounts to try to move Cybertruck inventory.