Tesla is reducing prices on its electric vehicles in the United States and Europe, according to listings on the company's website. This is the second time Tesla has cut prices on its vehicles in the past month.

Tesla's mission is to accelerate the world's transition to sustainable energy. The company designs, manufactures, and sells electric vehicles, solar panels, and solar roof tiles. Tesla also offers energy storage solutions through its Powerwall and Powerpack products.

Volkswagen AG reported its lowest sales in more than a decade, but said it was confident business would improve this year as supply-chain blockages ease and semiconductors become more easily available. The company said it was seeing positive signs in some of its key markets, and was working to increase production to meet demand.

The Europe Stoxx 600 index hit its highest level since April 2022 Thursday morning, but then fell sharply after the release of U.S. inflation data.‍The Stoxx 600 index traded up 0.8% during early afternoon deals, with most sectors and major bourses in positive territory.

VW shares rose 0.5% in Frankfurt trading on Wednesday, taking the company's gains since the start of the year to 10%.