Advertisement

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

A Tesla Model 3.
A Tesla Model 3.David Zalubowski/AP
  • Some Tesla models are now selling for less than the average new car in the US.

  • Both the Tesla Model 3 and Model Y have been extensively marked down recently.

  • Automakers like Ford and Rivian followed Tesla's lead in January in slashing prices.

Some of the most popular Tesla models are now being sold for less than the average cost of a new car in the US, according to a report from Bloomberg.

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.