Elon Musk's Tesla cuts prices in major marketsas sales fall | BBC News

Tesla has cut its prices in a number of marketsincluding the US, China, and Germany - as the electriccar giant faces falling sales.

A price war has been intensifying between electricvehicle (EV) makers, with particularly fiercecompetition coming from Chinese firms.

And Tesla - run by multi-billionaire Elon Musk -reported a sharp fall in global vehicle deliveries in early2024, and has been forced to recall thousands of itsnew Cybertruck over safety concerns.

Last week, Tesla also announced plans to lay off morethan 10% of its global workforce.