One of Tesla’s biggest downsides has always been the upfront cost of its electric vehicles versus gas models. The cheapest car it currently sells is $42,490 before subsidies, and the average Kelley Blue Book starting price of its 2024 models is just over $63,000.
Tesla wrote in its third-quarter disclosure report that it’s making “preparations” to offer new vehicles with “more affordable models.” The EV maker’s cost of goods sold per vehicle also came down to “its lowest level ever” at $35,1000.
“Plans for new vehicles, including more affordable models, remain
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