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After the €3,500 state grant, the basic version of the Model 3 now costs €38,600. Photo: Getty

Adrian Weckler

Tesla has cut the prices on some of its vehicles for the second time in months as it tries to address a sales slump affecting its financial prospects.

In Ireland, the company knocked around €2,000 off the Model 3, its most popular model. After the €3,500 state grant, the basic version of the Model 3 now costs €38,600.