Tesla cut the price of some Model 3 and Model Y versions in the U.S. after the company reported third-quarter deliveries

The starting price for the Model 3 is listed at $38,990 on Tesla’s website, down from $40,240 previously

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And the Model 3 Performance fell to $50,990 from $53,240

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Tesla’s Model Y Performance sports utility vehicle now starts at $52,490, down from a previous price of $54,490.

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Tesla began cutting the prices of its cars across the world in a bid to stoke demand amid concerns over slowing

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Tesla regularly tinkers with the price of its cars, especially in its biggest markets of the U.S. and China.

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price cuts comes just days after Tesla reported third-quarter deliveries of 435,059 vehicles

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Tesla put the fall down to factory upgrades which caused manufacturing sites to have downtime.

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CEO of Tesla, has made no secret of the carmaker’s desire to chase higher volume over bigger margins this year.

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So far, that has paid dividends for the stock with shares up over 100% this year.

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Tesla is still looking to deliver 1.8 million vehicles this year.

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The long range Model 3 fell from $47,240 to $45,990.

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