The manufacturer Tesla is reducing its prices for several models: which countries are affected

Tesla reduced the prices of its models by almost 2,000 dollars (about 1,870 euros) in Chineseafter taking them down USAas it faces declining sales and a price war for electric vehicles (EVs), especially against cheaper Chinese models.

The manufacturer has reduced the starting price Example 3 changed in China by 14,000 yuan ($1,930) to reach 231,900 yuan ($32,000), its official website showed on Sunday. Tesla made a similar discount to the starting price of Example Ywhich increases to 249,900 yuan, on the standard version of Example S, which increases to 684,900 yuan, and on the Model S Plaid, which increases to 814,900 yuan. There Model X the base now costs 724,900 yuan and its Plaid variant 824,900 yuan.

The American company also reduced its price Europe – in Germany especially – in Middle East and in Africa, according to the spokesperson of the group. In Germany, the price of Model 3 increased from 42,990 euros to 40,990 euros. In the United States, the automaker also reduced the price of its Model Y, previously Model dollars.

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Tesla reported this month International shipments in the first quarter down for the first time in nearly four years as price cuts have failed to stimulate demand. The electric car maker has been slow to update its older models as high interest rates have dampened consumer appetite for big purchases, while rivals in China, the world’s biggest car market, are launching cheaper models.

Last Monday, Elon Musk announced that Tesla will cut more than 10% of its workforce worldwide. Tesla stock is down 40.8% since the start of the year.