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 unveiled a new Cybertruck trim with rear-wheel drive and a range of over 360 miles, according to Benzinga. The RWD version offers reduced towing capacity and lower ground clearance compared to the AWD model.