In the face of tougher competition from China, Tesla has significantly lowered its prices in the US and Europe, where the company’s entry-level variant of the Model Y compact SUV now costs €44,890 – €9,100 less than before. Tesla has also announced a price drop for the entry-level price of the Model 3 – down €6,000 to €43,990 in Europe – following similar price drops in Asia. The announcement for Europe comes a day after the electric mobility pioneer lowered prices in the US in an attempt to boost sales by giving US buyers the chance to get tax breaks. In China, the company previously also had…