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 (NASDAQ:TSLA) started offering discounts on new Cybertruck vehicles that are sitting in its inventory this week, according to inventory listings. The electric vehicle maker is providing up to $1,

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,