"Tesla Slashes Model Y Prices Across Europe Following China Cuts"

Tesla has reduced the prices of its Model Y vehicles in Germany in an effort to boost sales, with the Long Range and Performance models seeing price cuts of €5,000. Despite being the best-selling electric vehicle in Germany last year, Model Y sales have been declining, and the company faces competition from other EV options and potential supply chain disruptions. The temporary shutdown of a factory near Berlin due to the shipping crisis in the Red Sea may further impact Tesla's sales in the region.