Tesla cuts prices in major markets as sales fall

Tesla has cut its prices again in a number of major markets - including the US, China and Germany - as the electric car giant run by multi-billionaire Elon Musk faces falling sales.

The move comes after it reported a sharp fall in its global vehicle deliveries in the first three months of this year.

A price war has been intensifying between electric vehicle (EV) makers, with particularly fierce competition coming from Chinese firms.

Tesla is due to report financial results for the first quarter of 2024 after the US market close...