Cybertruck sales in May boosted Tesla’s 2024 ATPs by more than 10%

Hey there, let's talk about Tesla's latest milestone!

In May, Cybertruck sales gave Tesla's 2024 average transaction prices (ATPs) a significant boost,

increasing by more than 10%.

The average transaction price for the Cybertruck itself is $108,667.

As a major player in the electric vehicle market, Tesla's influence is substantial.

With nearly 50% share of total EV sales,

the overall EV transaction prices also saw an increase in May,

with the average cost for an EV reaching $56,648.

In May, the average incentive package for an electric vehicle was 12.4% of the ATP,

significantly higher than the industry average.

This makes EV incentives much better than those for gas vehicles.

Tesla's Cybertruck sales have not only impacted its own ATPs

but have also contributed to the overall growth of the EV market.

Exciting times ahead for electric vehicles!