Tesla has introduced a new, more affordable version of its Model 3 in Europe to revive sales. The decision was influenced by Elon Musk’s political rapprochement with Donald Trump and a decline in demand for electric cars.
The price of the new Model 3 Standard in Germany is 38 thousand euros. Tesla’s sales in Europe have fallen, particularly due to intense competition from the Chinese company BYD, which, for the first time, surpassed the American electric car manufacturer. The company’s performance has also been affected by Musk’s political statements and participation.
