Tesla has dropped the starting price of its Model Y, and now the mid-size SUV costs $759 less than the average new car or truck in the U.S. The Model Y, the top-selling electric vehicle in the U.S. in 2022, now starts at $46,990, according to Bloomberg.
The cost of the Model Y was first dropped in January amid slowing sales and drops in Tesla's stock price, making both its all-wheel and long-range drives eligible for a $7,500 federal tax credit for electric vehicles.
This move comes after Tesla — of whom Elon Musk is the company's largest individual shareholder — lowered prices on its Model X and Model S vehicles in March. Tesla also reduced the base price of the Model 3, its least expensive model, by about 6% in January.
While overall electric vehicle sales are rising, Tesla's U.S. market share is falling. From 2018 through 2020, Tesla represented about 80% of the electric vehicle market, but by 2021, that figure had dropped to 71%, according to registration data from S&P. Still, Tesla's U.S. sales rose 40% last year.
In recent surveys, 4 in 10 U.S. adults now say their next vehicle may be electric, according to polling by The Associated Press-NORC Center for Public Affairs Research and the Energy Policy Institute at the University of Chicago.
Alisa Mathewson’s 55 hours of terror
Harry Belafonte's lasting legacy in music and social justice
ICE unveils smartwatch-like device to track migrants
Read Again https://news.google.com/rss/articles/CBMiRmh0dHBzOi8vbmV3cy55YWhvby5jb20vdGVzbGEtZHJvcHMtc3RhcnRpbmctcHJpY2UtbW9kZWwtMjIyOTAwOTMzLmh0bWzSAU5odHRwczovL25ld3MueWFob28uY29tL2FtcGh0bWwvdGVzbGEtZHJvcHMtc3RhcnRpbmctcHJpY2UtbW9kZWwtMjIyOTAwOTMzLmh0bWw?oc=5Bagikan Berita Ini
0 Response to "Tesla drops starting price of Model Y below the cost of the average U.S. vehicle - Yahoo News"
Post a Comment