How low can Tesla go? Musk rattling rivals with Model Y price drop that’s flooding the market with cheaper electric cars – Car News

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The Tesla Model Y has broken through another price barrier, with the popular EV now cheaper than the average price paid for a new car or truck in the USA, shattering the concept that electric vehicles are too expensive for mainstream adoption.

It comes as Tesla continues to launch a volley of price cuts both in Australia and abroad, boosting demand for its EVs and seriously worrying rivals.

In fact, some analysts think Tesla pricing is so sharp, and so difficult to complete with,…

Continue reading this news update.

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