Tesla started offering discounts on new Cybertruck vehicles in its inventory this week, according to listings on the company's website. Discounts are as high as $1,600 off new Cybertrucks, with the reduced price depending on configuration,

Tesla has introduced new discounts on its Cybertruck models as the electric vehicle (EV) market becomes increasingly competitive. The Cybertruck, which outsold the Ford Lightning F-150 in the United States last year and secured its position as the fifth best-selling EV domestically,

The Tesla Model Y collected 50,000 orders on its debut day, the Chinese media reports, but it is still lagging far behind the Cybertruck

Several sources claim that Tesla has already built the first new Model Y at its Gigafactory in Berlin, Germany. According to German media outlet Handelsblatt, the company was scheduled to start producing the new car, also known by its codename "Juniper", on Tuesday.

Tesla Inc. plans to suspend part of the lines manufacturing its recently refreshed Model Y sport utility vehicle in Shanghai for around three weeks over Chinese New Year so it can better optimize equipment,