March 16 (Reuters) - Tesla said on Saturday it

would increase the price for its Model Y electric vehicles (EV)

in a number of European countries on March 22 by approximately

2,000 euros ($2,177) or the equivalent in local currencies.

The move, announced in a post on social media platform X,

followed the automaker's announcement on Friday that it would

increase prices for all Model Y cars in the U.S. by $1,000 on

April 1.

Tesla had raised 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 need continuous production for efficiency, but

consumer demand is seasonal," Tesla CEO Elon Musk said 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 hurt by a price war with

rivals that started more than 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."

($1 = 0.9185 euros)