New EV Prices Climb In April, Tesla Cybertruck Sales Drop Off To Under 2,000 Monthly Units

Core Insights - The price of electric vehicles (EVs) increased in April due to tariffs and reduced incentives, with Tesla leading U.S. sales but facing market share decline [1][5][6] Group 1: Tesla's Performance - Tesla sold over 45,000 units in April, marking its best month of 2025, primarily driven by the updated Model Y [2] - The average transaction price for Tesla vehicles was $56,120 in April, with the Cybertruck priced at $89,247 [3] - Less than 2,000 Cybertruck units were sold in April, indicating potential pressure on sales for this model [4] Group 2: Market Trends - New EV sales dropped 6% month-over-month in April, but were up 5.4% year-over-year compared to the first four months of 2024 [2] - The average transaction price for new EVs in April was $59,225, reflecting a 0.2% increase from March and a 3.7% increase year-over-year [4] - Incentives for EV purchases fell to 11.6% of the average transaction in April, down from 13.9% in November 2024 [5] Group 3: Competitive Landscape - Tesla held three of the top 10 spots in U.S. EV sales for 2024, with the Cybertruck ranking fifth [7] - There are concerns that the Cybertruck may fall out of the top 10 as competition from models like the Ford F-150 Lightning increases [7] Group 4: Stock Performance - Tesla's stock rose 4.8% to $333.65, but is down 12.1% year-to-date in 2025, despite a 90% increase over the last year [8]