00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla has discontinued the rear-wheel drive long-range Cybertruck trim just five months after launch, Electrek reported.
00:08The $69,990 model, dropped for 362 miles of range, is no longer listed on Tesla's website.
00:15One of the standard all-wheel drive and $114,990 Cybertruck trims remain available.
00:21The move comes as Tesla reportedly sits on more than 10,000 unsold Cybertrucks in the U.S.,
00:26despite a shift in marketing to position it as a lifestyle product.
00:29Tesla's U.S. EV market share recently fell below 40% for the first time since 2017,
00:35while European sales declined 40.2% in August, as rival BYD surged 225% in the region.
00:41China Tesla's Model YL6-seater has received 120,000 orders since launch,
00:47and the company logged 14,300 new insured registrations in the first week of September.
00:52Those sales are still down 12.1% year-over-year.
00:55For all things money, visit Benzinga.com.
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