Tesla has driven down the price of its Model 3.
The car will now be sold at a starting price of USD $35,000, just over AED 128,000.
It means that the electric car company has come good on a promise it made more than two years ago.
In a bid to cut costs, Tesla is also going to switch to an online-only sales model.
Chief executive Elon Musk says closing physical stores will allow the firm to cut costs by about 5 per cent.
Emirates offers travel insurance with conflict-cover, free extension
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".
DXB aims for 85% operation recovery by end of 2026
Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.
Microsoft sued by shareholders over expenses, cloud business, AI
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.
HyveGeo wins Dubai Holding's top innovation award
UAE climate-tech company HyveGeo has been crowned the winner of Dubai Holding's Innovate For Tomorrow Impact Accelerator, securing pilot funding and the opportunity to test its solutions within Dubai Holding's business ecosystem.
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