Tesla cuts prices on its Model Y, S and X vehicles in U.S

Tesla knocked $2,000 off the prices of three of its five models in the United States

Another sign of the difficulties that billionaire Elon Musk's electric vehicle company faces.

Tesla reduced the price of the Model Y, a small SUV that is Tesla's most popular model and the best-selling electric vehicle in the United States.

Prices for the Model 3 car and Cybertruck remained unchanged.

The reductions dropped the starting price for a Model Y to $42,990, $72,990 for a Model S, and $77,990 for a Model X.

Tesla will launch the Model 2, a tiny electric vehicle priced around $25,000.

The business also announced it was recalling roughly 4,000 of its 2024 Cybertrucks after discovering that the accelerator pedal can become stuck.