Tesla cut the prices of its cars in the United States by 2 percent again to nearly 6 percent, its website showed on Thursday, as the company continues to cut prices on its electric vehicles, which analysts warn could hurt profitability, CNBC reported.

The fifth such cut in Tesla’s biggest market since the start of the year comes as the United States prepares this month to adopt tougher standards that would limit tax credits for electric cars.

Tesla has cut the prices of both versions of its Model 3 sedan by $1,000 and its Model Y crossover by $2,000, the website showed.

It also cut the prices of both versions of its more expensive Model S and Model X by $5,000.

The company said the tougher U.S. standards will reduce the $7,500 tax credit available for its base rear-wheel-drive Model 3 starting in January.

Some analysts, who had expected further price cuts, expressed concern that Tesla’s profit margin could be at risk.

Tesla this week reported first-quarter deliveries of nearly 423,000 vehicles, up just 4 percent from the previous quarter, after price cuts in the United States, China and other markets aimed at boosting demand.

Tesla has set a goal of delivering 1.8 million vehicles this year.

Tesla has cut the price of the Model 3 by 11% year-to-date, with a 20% discount on the base Model Y. (News.ro)