(Reuters) -Tesla mentioned on Saturday it would amplify the price for its Model Y electric vehicles (EV) in several European countries on March 22 by around 2,000 euros ($2,177) or the corresponding in local currencies.

The change, announced in a post on social media platform X, followed the automaker’s announcement on Friday that it would boost prices for all Model Y cars in the U.S. by $1,000 on April 1.

Tesla (NASDAQ:) had increased the prices of its Model Y rear-wheel drive and long-range vehicles by $1,000 to $43,990 and $48,990, respectively, on March 1.

“This is the essential quandary of manufacturing: factories require continuous production for efficiency, but consumer demand is seasonal,” Tesla CEO Elon Musk mentioned in February, replying to a post on X from his company announcing that prices would go up the following month.

Tesla’s margins have been harmed by a price war with rivals that started over a year ago.

In January, Tesla warned of “notably lower” sales growth this year as it focuses on the production of its next-generation EV, which is code-named “Redwood (NYSE:).”

($1 = 0.9185 euros)