Aswat Asharq Al-Awsat :

Aswat Asharq Al-Awsat : Tesla Will Not Launch Refreshed Model Y this Year, Musk Says

Tesla Will Not Launch Refreshed Model Y this Year, Musk Says
TT

Tesla Will Not Launch Refreshed Model Y this Year, Musk Says

Tesla Will Not Launch Refreshed Model Y this Year, Musk Says

Tesla will not launch a refreshed Model Y this year, chief executive Elon Musk said in a post on social media X on Saturday, Reuters reported.

"No Model Y 'refresh' is coming out this year", Musk said, adding that Tesla continuously improves its cars, "so even a car that is 6 months newer will be a little better."

Tesla has been slow to refresh its ageing models as high interest rates have sapped consumer appetite for big-ticket items, while rivals in China, the world's largest auto market, are rolling out cheaper models. The carmaker's global vehicle deliveries fell in the first quarter for the first time in nearly four years.

Last year, Reuters reported that Tesla was readying a production revamp of Model Y with a target of starting production in 2024.

 

 

 

 

 



Aswat Asharq Al-Awsat : Spain’s Antitrust Watchdog Opens Investigation into Apple’s App Store 

The Apple iPhone 14 Pro is seen at the Apple Fifth Avenue store in Manhattan, New York City, US, September 16, 2022. (Reuters)
The Apple iPhone 14 Pro is seen at the Apple Fifth Avenue store in Manhattan, New York City, US, September 16, 2022. (Reuters)
TT

Spain’s Antitrust Watchdog Opens Investigation into Apple’s App Store 

The Apple iPhone 14 Pro is seen at the Apple Fifth Avenue store in Manhattan, New York City, US, September 16, 2022. (Reuters)
The Apple iPhone 14 Pro is seen at the Apple Fifth Avenue store in Manhattan, New York City, US, September 16, 2022. (Reuters)

Spain's antitrust regulator said on Wednesday it had opened an investigation into possible anti-competitive behavior by Apple's app store.

The CNMC, as the regulator is known, said Apple may have incurred in anticompetitive practices when imposing unequal commercial conditions on developers of mobile applications sold at its app store.

The practices could be considered a very serious violation of the competition law and thus could be punished by a fine worth as much as 10% of the company's global revenues, CNMC said in a statement.