The Average Electric Vehicle Now Sells For Less Than A Tesla

The cost parity between EVs and gas-powered cars isn't yet net even. It's getting closer, though, and if you consider the lifetime of maintenance, perhaps you can make an argument that it's getting close. But at least the industry average transaction price is tracking closer to that of its ICE-powered counterparts—and now even less than Tesla for the first time in over a year. Welcome to Critical Materials, your daily roundup for all things EV and automotive tech.

It seems that with more competition, less competitive pricing, and stale models, Tesla has a bit of a fight ahead of it. So what exactly do investors see in Tesla? It could be the company's approach to autonomy. CEO Elon Musk is no stranger to vocalizing how he believes diversifying into humanoid robots, artificial intelligence, and robotaxis is the company's future, not prioritizing cheap EVs like the rest of the auto trade.

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