Tesla, Inc. TSLA announced another round of price cuts late Thursday Volume has not yet reacted significantly to the previously announced reductions.

What happened: Updated prices available on Tesla’s US website showed a price reduction of $1,000 each for the two Model 3 variants and reductions of between 3.4% and 5.6% for the remaining models. The company listed a new, less expensive Model Y variant priced at just under $50,000. The Elon MuskThe managed company also clarified that the new Model 3 and Model Y vehicles are eligible for the state tax credit for eligible buyers.

Based on new IRS guidance, the $7,500 credit for the RWD variant of the Model 3 will be reduced to $3,750 on April 18, it added.

The new prices and changes for the different models and variants are as follows:

model 3

Rear-wheel drive or RWD Model 3: $41,990, down 2.33% from $42,990
Dual Motor, All-Wheel Drive or AWD, Model 3 Performance: $52,990, down 1.85% from $53,990

Model Y

AWD Model Y Dual Motor: $49,990
Dual Motor, AWD Model Y Long Range: $52,990, down 3.64% from $54,990
Dual Motor, AWD Model Y Performance: $56,990, down 3.39% from $58,990

Model S

Dual-motor AWD Model S: $84,990, down 5.56% from $89,990
Tri-Motor, AWD Model S Plaid: $104,990, down 4.55% from $109,990

Model X

Dual Motor AWD Model X: $94,990, down 5% from $99,990
Tri-Motor, AWD Model X Plaid: $104,990, down 4.55% from $109,990

Model 3, Y prices listed do not reflect the $7,500 credit owed to them.

See also: The best stocks for electric vehicles

Why it matters: The announced heavy price cuts of up to 19.7% in mid-January and another tinkering for the high-end models announced in March helped boost volumes amid a tough economic environment and also increased competitive pressures.

But the benefits have been muted. The first-quarter delivery report, released earlier this month, showed around-performing to slightly underperforming, triggering a sell-off in shares. Sales of high-end Model S and Model S vehicles…