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		</div><p>Tesla has cut US prices on its entire electric vehicle line-up for the third time this year in an apparent effort to lure more buyers amid rising interest rates.</p>
<p>The cuts that appeared on Friday on Tesla’s website included $5,000 per vehicle for the more expensive models, the S saloon and the X large SUV.</p>
<p>The company lopped $2,000 off the Y small SUV, its most popular model, and added a lower-cost dual-motor version priced at $49,990.</p>
<p>The 3 small sedan saw a $1,000 cut.</p>
<p>The moves came as Tesla’s first-quarter sales grew 36 per cent but fell short of analysts’ expectations.</p>
<p>The company said on Sunday that it delivered a quarterly record of 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago, but the increase fell short of estimates of 432,000 for the quarter, according to FactSet.</p>
<p>Guidehouse Research e-mobility analyst Sam Abuelsamid said the company needs to sell more vehicles to keep its factories running at full capacity.</p>
<p>“Overhead of underutilised plant eats up (profit) margin extremely quickly,” he said.</p>
<p>Tesla has added a huge plant near Austin to its US factory line-up, in addition to its original plant in Fremont, California.</p>
<p>The company also has built new plants in Shanghai and near Berlin.</p>
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