Tesla's Price Changes: Cheaper Model Y, Higher Prices in China.

Tesla's entry-level Model Y SUV is now cheaper than the average new vehicle sold in the US, according to Kelley Blue Book data. The average new vehicle in the US was sold for $48,008 in March, while the entry-level Model Y costs just $47,240. Tesla has made multiple price cuts across its lineup this year, including the Model 3, which was reduced to $39,990 before being increased again to $40,240. The most recent price cut came just after new regulations on the $7,500 federal EV tax credit dropped eligibility for the Model 3 to a reduced $3,750 credit.