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,

The updated Tesla Model Y is reportedly going into production today at the company’s European factory in Germany. According to the German newspaper Handelsblatt, employees at Tesla’s Gigafactory Berlin facility were informed of the product launch yesterday, with assembly set to begin today, January 14.

About a year after releasing the new Model 3 Highland, Tesla follows it up with the Model Y Juniper. About a year after releasing the new Model 3 Highland, Tesla follows it up with the Model Y Juniper.

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 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,