Tesla vehicle prices drop

U.S. electric vehicle manufacturer Tesla has lowered prices worldwide following a decline in first-quarter deliveries.

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Electric vehicle giant Tesla has reduced the prices of its cars globally after its first-quarter deliveries fell for the first time in nearly four years.

The company reported that it has reduced the starting price of the Model 3 in China by 14,000 yuan to 231,900 yuan ($32,000).

According to a report from Reuters, the price of the rear-wheel-drive Model 3 in Germany has also dropped from 42,990 euros to 40,990 euros ($43,670.75) since February.

A Tesla spokesperson stated that price cuts have also taken place in many other countries across Europe, the Middle East, and Africa.

News Source: 12punto