Remove Affordable Remove Industry Remove Tesla Remove United States
article thumbnail

Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.

article thumbnail

Tesla discounts Model 3, tempting buyers with its most affordable offering yet

Teslarati

Tesla is now discounting new inventory models of the Model 3 in the United States, helping the company to attract a growing number of buyers. Tesla’s continuing dedication to making its vehicles more affordable has shaken the EV market and the automotive industry to its core.

article thumbnail

J.D. Power: US growing increasingly divided on EV adoption

Green Car Congress

Luxury EVs Still Wield Outsize Influence on Affordability. While true parity between the EV and ICE vehicle markets will only be achieved when manufacturers produce more mainstream EVs, the recent news cycle has been dominated with updates on luxury SUVs and trucks like the new Escalade IQ from Cadillac and the Tesla Cybertruck.

article thumbnail

Tesla starts advertising campaign on Cars.com

Teslarati

Tesla really seems to be hitting its stride with regards to its efforts to advertise its all-electric vehicles. And as per recent observations from members of the electric vehicle community, Tesla now seems to be adopting some strategic ads for people who are specifically looking for a car. million unique visitors every month.

Tesla 100
article thumbnail

Hyundai commits to fulfilling electrification strategy despite hybrid appeal

Teslarati

Companies that only build EVs, like Tesla, and companies that mix both, like Ford, are still working out ways to navigate this strange time in the EV story. With robust competition from industry leaders like Tesla setting the pace, there are many other companies fighting to claim what is likely second place.

Hyundai 118
article thumbnail

Tesla Model Y price cuts have brought costs below U.S. average

Teslarati

Tesla’s most recent round of price cuts to the Model Y have brought the vehicle’s introductory trim level to a starting price below that of the average new car or truck in the United States. Ford, for example, cut prices on the Mustang Mach-E after Tesla threw discounts out earlier this year. percent in 2021.

Price 110
article thumbnail

Tesla Model Y seemingly becomes world’s best-selling car in Q1 2023

Teslarati

Elon Musk has noted in the past that he believes the Tesla Model Y has the potential to become the world’s best-selling car, period. Felipe Munoz , an Automotive Industry Specialist at JATO, recently noted that the Model Y appears to have led the world sales ranking of passenger cars in the first quarter of 2023.

Tesla 145