Tesla cuts Model 3 price in Europe as sales slide amid Musk backlash

Group 1: Tesla's New Model Launch - Tesla has launched a lower-priced version of its Model 3 sedan in Europe to revive sales amid weakening demand for electric vehicles and backlash against CEO Elon Musk's political affiliations [1][2] - The new Model 3 Standard is priced at €37,970 in Germany, €330,056 in Norway, and €449,990 in Sweden, following the introduction of a lower-priced Model Y SUV [2] Group 2: Sales Performance and Competition - Tesla's sales have declined in Europe due to increased competition from Chinese rival BYD, which outsold Tesla in the region for the first time in spring [2] - Sales across the EU have also been negatively impacted by consumer backlash against Musk's support for Donald Trump's election campaign and his controversial political actions [3][4] Group 3: Market Challenges in the UK - New taxes on electric vehicles introduced in the UK budget could further undermine demand, with electric car sales growing at their slowest rate in two years, at just 3.6% in November [5] - The Society of Motor Manufacturers and Traders (SMMT) has expressed concerns that the new pay-per-mile road tax on EVs, set to take effect in April 2028, could discourage drivers from switching to electric vehicles [6]