Tesla EVs are the cheapest ever relative to the overall US auto market

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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