American electric car maker Tesla has raised its sales prices due to a drop in demand China and USA decreased. According to information on the official website of the car manufacturer, Tesla models have become almost $ 2,000 cheaper in China. A similar rate cut has already been announced in the US on Friday. There, Tesla also reduced the price of its Fully Autonomous driver assistance program from $12,000 to $8,000.

The electric car market is currently weak worldwide. Tesla also started the year with declining sales. For the first time in almost four years, the company sold fewer cars than in the previous period. Domestic manufacturer BYD is also becoming more popular in the Chinese market. Several new manufacturers and a growing range of electric vehicles from established manufacturers are also adding competition to the market.

Musk postpones trip to India

Tesla and, not least, Musk, who is public, have long been open to skepticism from investors. The manufacturer does not yet offer any cheap models. At short notice, Musk canceled a trip to India on Saturday. According to industry insiders, he wanted to announce an investment in the Tesla factory there. “Unfortunately, important commitments require the postponement of the trip to India.” But he was hoping to visit “later this year,” Musk wrote on X.

Tesla will present its quarterly figures on Tuesday. A week ago, Tesla announced that it would cut more than one in ten jobs worldwide, including at Grünheide in Germany.