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Turn your Instant Pot to saute. While it heats, season the two pieces of meat with the chili powder, cumin, salt, pepper, and garlic powder.
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When the pot turns to hot, add the oil. Add the beef pieces and saute for 4-5 minutes per side, or until both sides are brown.
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Switch the pot to manual and increase the time to 70 minutes.
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Add the remaining ingredients, reserving half of the cilantro. Put on the lid and turn the vent to seal.
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Let cook for the 70 minutes and then do a natural pressure release.
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Once pressure released naturally, open the lid and shred the beef. Let it soak in the sauce for 10-15 minutes.
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Serve as desired and garnish with remaining cilantro.