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IPFS News Link • Science, Medicine and Technology

Tesla Price Cut and Tax Credit Reduces Model Y from $67000 to $45000

• arclein

Tesla cut the prices of their cars in the USA and Europe by up to 23%. This ensures that all by the Model Y performance will get the $7500 tax credit in the US. This price cut and the tax credit means the Model Y is selling for $22,000 less and the Model 3s are about $12000 less than December 2022. The Tesla Model Y was costing $67000 to $75000 in December but now is $45000 to 56000 in most situations. This is very near the average price of a US car at $45.5k instead of being $20000 more than the average cost. It was 40-50% over the average price of a new car in the USA and is now 5-20% over the average price. Instead of being double the price of the Honda CRV the Tesla Model Y is only 40% more. The $2000-3000 per year fuel saving with the Model Y makes up the price difference within 4 years of ownership. This aggressive pricing and ten year tax subsidies will hit the Toyota RAV4, Honda CRV, and other compact SUVs hard in the US and Europe. Tesla also had earlier aggressive price cu


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