Tesla's Bold Moves: Lower Prices and Slim Margins to Take on Competitors.

Tesla's latest price adjustments have made the entry-level Model Y crossover more affordable than the average new car or truck in the United States, with an MSRP of $46,990. This helps change the mentality of some people who think that EVs are massively overpriced. Tesla's Model 3 also has an MSRP under the average price for a new car in the United States. However, Tesla isn't making the cheapest EVs out there, with competitors like Chevrolet Bolt EV starting at $26,500. Tesla's price cuts have made some of its competitors question whether or not a full-blown EV price war is beneficial for anyone.