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.
UAE, Colombia sign major trade pact
The UAE and Colombia have signed a Comprehensive Economic Partnership Agreement (CEPA).
UAE and Costa Rica sign economic partnership deal
The UAE and Costa Rica have signed a Comprehensive Economic Partnership Agreement (CEPA) to improve bilateral trade and investment ties, President His Highness Sheikh Mohammed bin Zayed Al Nahyan said on Thursday.
Dubai-based Telegram app to hit 1 billion users 'within a year'
The Telegram messaging app, one of the most popular social media platforms, will likely cross one billion active monthly users within a year as it is spreading like "forest fire", its billionaire founder Pavel Durov said on Tuesday.
Microsoft invests $1.5 billion in Abu Dhabi AI company G42
G42, the leading UAE-based artificial intelligence (AI) technology holding company, has announced a $1.5 billion investment from Microsoft to strengthen it's expansion into new markets across the globe.
Latest With Hit
Meet Harnidh Kaur, one of the most youngest followed on social media
