Tesla's decision to revise European prices follows the automaker's announcement last Friday that it will increase prices for all versions of the Model Y in the US by $1,000 from 1 April. This is despite Tesla already raising Model Y prices by $1,000 on 1 March.
Tesla CEO Elon Musk said in February that factories need constant production to operate efficiently, but consumer demand is seasonal.
Tesla launched a price war with rivals more than a year ago. However, in January 2024, the company predicted "markedly lower" sales growth this year as it focuses on launching its next-generation electric car, codenamed Redwood.
Source: Reuters