Some of the most popular Tesla models are now being sold for less than the average cost of a new car in the US,The Tesla Model 3 is now selling at nearly a $5,000 discount, the report said, calling it the cheapest price ever seen compared to the average US car.
Meanwhile the Tesla Model Y is also selling as a discount after its price was cut by $13,000 at the beginning of the year. Today, the lower-end Tesla Model 3 now starts at $42,990, which doesn't account for an additional $7,500 US tax credit from January which drags the price down further to $35,500.
Meanwhile, traditional gasoline-powered vehicles have sharply increased in price, amid a shortage of computer chips, raw material inflation, and a calculated move on the part of automakers to keep inventories. In January, the average cost of a new vehicle hit nearly $48,000, up $10,000 since the start of the pandemic, Bloomberg said.
Is it bc of the free MAGA hats and Libs of TikTok bumper stickers that come with every model? Tesla
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Tesla EVs are the cheapest they've ever been relative to overall U.S. auto market - AutoblogToday, the lower-end Tesla Model 3 now starts at $42,990, while the average cost of a new vehicle is nearly $48,000, according to Bloomberg.
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