Tesla sells extra EVs than anybody else by a big margin, however there’s all the time loads of churn within the automaker’s choices, together with with its hottest automobile, the Mannequin Y. After shifting costs a number of occasions during the last yr, Tesla reintroduced the entry-level rear-wheel drive Mannequin Y at a far cheaper worth level than different variants.
The RWD Mannequin Y begins at $43,990 and comes with a 260-mile vary. It sports activities a 6.6-second 0-60 time and a 135 mph high pace, and, as some have speculated, the SUV probably comes with a cheaper lithium-iron phosphate battery to maintain prices low. Regardless of that, the EV continues to be eligible for a federal tax credit score of $7,500, making it a compelling possibility that can probably assist the Mannequin Y stay the automaker’s finest vendor. Tesla’s home manufacturing capabilities give its clients entry to tax credit for a number of automobiles, together with the Mannequin 3, Mannequin Y, and a few Mannequin X variants. Value limits apply, nonetheless, with Mannequin 3s restricted to $55,000 and the Mannequin X/Y to $80,000.
Tesla bought greater than 430,000 automobiles within the third quarter of this yr, however that quantity is in need of estimates. The automaker is focusing on 1.8 million automobiles in 2023 and stated it might want a 9% enhance in gross sales within the fourth quarter to succeed in that quantity. Whereas that sounds daunting, Tesla has lengthy performed with reductions and different promotions to maneuver stock, so we may see attention-grabbing offers because the yr closes.
Although it’s nonetheless on high, Tesla has more and more intense competitors from legacy automakers and startups alike. Basic Motors is gearing as much as launch a number of new EVs, together with the Chevy Equinox EV and Silverado EV, the Cadillac Escalade IQ, and two electrical vans. Ford is dropping cash on its EV enterprise however is plowing forward with plans for one more electrical truck in 2025.