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Tesla is offering Cybertruck discounts as EV market gets crowded

  • Tesla is offering discounts on the Cybertruck electric vehicle, with price cuts of up to $1,600, bringing the total to $72,890, according to listings on the company's website.
  • Production of the Cybertruck has reportedly slowed at Tesla's factory in Austin, Texas, leading to some workers being reassigned to the Model Y sedan line, as reported by Business Insider.
  • The Cybertruck has faced ongoing criticism since its 2023 launch, including issues with its stainless steel finish and multiple recalls, including a December recall of 70,000 vehicles for tire pressure monitoring system issues.
  • CEO Elon Musk apologized to customers in California for delays in delivering Cybertrucks, stating they are being used to provide supplies and internet service to areas affected by wildfires in Los Angeles.
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