Tesla Already Halved Its Prices, Can It Do It Again And Go Mainstream? via insideevs.com
has made it very clear that it's just fine if those EVs are made by rival brands, it has clearly been working diligently to grab up as much of that market share as possibleTesla isn't a luxury brand, and it has never pretended to be. It calls its cars premium since they're arguably nicer than the typical non-luxury car, though they're nowhere near as nice as an Audi, Mercedes, or BMW.
That said, Tesla's vehicles aren't cheap, so they've been lumped into the luxury category for years. While luxury automakers don't tend to sell a massive number of vehicles – they're not intended for the mainstream – Tesla has been a notable exception. People seem willing to pay for the brand and the technology more than they're willing to pay for a"normal" luxury car over its non-luxury cousins.
As the average transaction price for a new car soars to nearly $50,000, some of Tesla's EVs no longer seem so pricey, especially after the recent price cuts, and considering the money you're likely to save on fuel costs and maintenance. Tesla's prices now undercut the price of most luxury cars, as well as competing EVs produced by luxury automakers.
It doesn't take a ton of research to realize that the prices for at least some of Tesla's vehicles are more in line with successful non-luxury rivals, such as the
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lucid joins Tesla-led EV price war with discounts on some Air modelsLucid Group said on Thursday that customers will get a $7,500 credit on buying certain variants of the Air luxury electric car, revving up a price war started by market leader Tesla Inc .
Read more »
Tesla, after recent cuts, raises starting price of Model Y in ChinaTesla Inc has increased the starting price of its Model Y crossovers by 0.8% to 261,900 yuan ($38,577.11) in China, after the company's aggressive price cuts at the beginning of the year ignited demand.
Read more »
Tesla Pi Phone: price, release date, and everything we know | Digital TrendsElonMusk claimed that he would make an alternative phone if Twitter is removed from app stores. Here's what we know about the rumored Tesla Phone.
Read more »
Here are five ways Congress is already addressing Biden's policy ideasPresident Joe Biden addressed several policy areas in the State of the Union on Tuesday, some of which Congress is already taking steps to address.
Read more »
As IRS Urges Taxpayers to Delay Filing, Here's What to Do If You Already HaveMillions of taxpayers in more than a dozen states are being asked to hold off on filing their 2022 returns as the agency works to clarify whether certain rebates and refunds constitute taxable income.
Read more »
MGM stock is already getting a March Madness bounceExecutives at casino-resort operator MGM Resorts International Inc. are betting on best-ever returns next month, as big events converge on Las Vegas.
Read more »