The move, announced in a post on social media platform X, followed the automaker’s announcement on Friday that it would increase prices for all Model Y cars in the US by US$1,000 on April 1.

Tesla raised the prices of its Model Y rear-wheel drive and long-range vehicles by US$1,000 to US$43,990 and US$48,990, respectively, on March 1.

“This is the essential quandary of manufacturing: factories need continuous production for efficiency, but consumer demand is seasonal,” Tesla’s CEO Elon Musk said in February, replying to a post on X from his company announcing that prices would go up the following month.

Tesla’s margins have been hurt by a price war with rivals that started more than a year ago.

In January, Tesla warned of “notably lower” sales growth this year as it focuses on the production of its next-generation EV, which is code-named “Redwood.”