A gray Tesla Model Y SUV is shown driving down the highway from a rear view with trees in the background.
The Model Y is eligible for the new federal EV tax credit.
  • Tesla has cut its prices countless times throughout the year and did it again this month.
  • Tesla is offering cars well below September's new car average transaction price of $47,899. 
  • Tesla's base Model 3 and Model Y are both less than that.

Tesla's latest price cuts are continuing to blow even its gas competitors out of the water.

Last month, new cars saw an average transaction price (ATP) of $47,899, according to Kelley Blue Book. New car prices have slowly but surely been improving as of late, but are still pretty costly.