Tesla has dropped the starting price of its Model Y, and now the mid-size SUV costs $759 less than the average new car or truck in the U.S.
in March. Tesla also reduced the base price of the Model 3, its least expensive model, by about 6% in January.
While overall electric vehicle sales are rising, Tesla's U.S. market share is falling. From 2018 through 2020, Tesla represented about 80% of the electric vehicle market, but by 2021, that figure had dropped to 71%, according to registration data from S&P. Still, Tesla's U.S. sales rose 40% last year. , according to polling by The Associated Press-NORC Center for Public Affairs Research and the Energy Policy Institute at the University of Chicago.
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