SINGAPORE, April 14 Reuters Tesla Inc on Friday slashed prices for its electric vehicles in Europe, Israel and Singapore, expanding a global discount drive it began in China in January while raising concerns about its industryleading profit margin.

Tesla last week reported firstquarter deliveries up just 4 from the previous quarter despite offering discounts in the United States, China, Japan, Australia and South Korea aimed at spurring demand.

Days after releasing the disappointing delivery data, Tesla announced its fifth vehicle price reduction this year in the U.S. market, as Washington prepares to introduce tougher standards that will limit EV tax credits.

In 2022, the world39;s most valuable automaker also missed CEO Elon Musk39;s delivery target of 50 growth, held to a 40 increase due to logistical issues and slowing demand.

Tesla said on Friday it cut prices in numerous European markets including Germany and France because of a scaling up and improvement in its production capacity.

In Germany, Tesla has lowered the price of its Model 3 and Model Y vehicles by between 4.5 and 9.8, data on its website showed on Friday, marking its second price reduction this year after a price reduction of 117 in January.

In Singapore, it cut prices of its Model 3 and Model Y vehicles between 4.3 and 5, its local website showed.

Tesla also cut prices in Israel, with the price of the base rearwheel drive Model 3 slashed by 25 after an initial round of global price cuts in…