The US electric car pioneer Tesla has now apparently also significantly reduced prices in Europe and the USA due to sluggish demand and tough competition.

In Germany, the carmaker offers the Model 3 from 43,990 euros, according to its website.

That's 6,000 euros less than before, as the blog "Teslamag" reported.

He also reduced the sales prices in France and Austria.

Tesla had already reduced prices in the USA the day before.

This means that US buyers are more likely to get tax breaks, which can help demand.

In China, the group recently had to offer its cars cheaper due to sales problems.

According to an announcement at the end of last week, Americans in the People's Republic are charging more than ten percent less than recently for the Model 3 and Model Y.

This was the second price reduction after the fall of last year.

In China, Tesla is having to fend off increasingly strong domestic competition from suppliers such as BYD, Xpeng and Nio.

Before the turn of the year, Mercedes-Benz also had to reduce prices in China for its EQS luxury body, the all-electric version of the flagship S-Class, and for the electric EQE model.

Tesla has also reduced prices in Japan.

Significant losses became apparent on Friday for the recently stabilized Tesla shares.

On the Tradegate trading platform, they were quoted in US dollars, around four percent below their Nasdaq closing price of $123.56.

Shares fell as low as nearly $101 on the announcement of China's price cuts a week ago, but then bounced back on a broad recovery in tech stocks.

In the past year, the paper had lost two-thirds of its value, partly because Tesla boss Elon Musk had to throw shares worth billions on the market for the takeover of the short message service Twitter.

At the beginning of 2023, surprisingly weak global delivery figures in the final quarter had a negative impact.

Tesla is currently still valued at around $390 billion on the stock market - significantly more than Volkswagen (the equivalent of $81.6 billion), Mercedes-Benz ($79.8 billion) and BMW ($66.3 billion) together bring balance.