Constant Tesla Model Y And Model 3 Price Cuts Force EV Price War

Tesla’s relentless price cutting is turning the EV market into a race to the bottom with consumers looking on.

Prices for the Tesla
TSLA
Model Y have tumbled more than 21% in the past year (see chart at bottom), falling from nearly $63,000 in January 2023 to less than $50,000 last month, Cox Automotive said in a statement on Tuesday. And leases on Model Ys are in some cases below $400 a month, assuming a $7,500 federal incentive spread…