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. Tesla’s release follows its recent debut in Riyadh, Saudi Arabia, where the nation’s sovereign wealth fund aims to produce over 500,000 EVs by 2030. The launch may help Tesla expand its market amid falling sales across the EU and public backlash in the U.S. linked to CEO Elon Musk’s political role. Shares are up over 15% over 6 months but have declined over 37% year-to-date.
