Tesla Inc. is now charging less for the cheapest version of the Model Y crossover than what the typical new vehicle sells for in the U.S., a threshold Elon Musk crossed in blazing fashion.
At $46,990, the base Model Y now costs $759 less than the average amount paid for a car or truck in the U.S. The differential between these figures has changed by more than $20,000 since the middle of last year.
No carmaker has made such a dramatic reduction to a high-volume vehicle in the modern age of the automobile. The Model Y was the best-selling EV in the U.S. last year, and one of the top crossovers of any type.