Tesla Price Cuts, Followed by other Automakers, Plus Surging Incentives, Hit Average Transaction Prices, after Toxic Spike
Detroit automakers hugely overstocked, ready for a strike. By Wolf Richter for WOLF STREET. The average transaction price (ATP) for Tesla models in the US fell by 19.5% year over year in August, according to Cox Automotive. Most EV makers had been aiming for the higher end because that’s where they thought the easy money would be. But … Read more