Tesla is offering discounts on MY2024 Cybertruck units in its inventory as it tries to clear house for the MY2025, which qualifies for the EV tax credit

Tesla is now advertising up to $1,600 off new Cybertrucks, with buyers also able to pick up demo versions of the pickup at a $2,600 discount.

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,

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.

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

Tesla plans to suspend part of the lines manufacturing its recently refreshed Model Y sport utility vehicles in Shanghai for around three weeks over Chinese New Year, Bloomberg News reported on Wednesday,