Tesla has dropped the price of its newest electric vehicle, the Model Y, surprising new and existing customers on Saturday afternoon (via Reddit).
The Model Y Long Range AWD now starts at $49,990 USD, a price drop of $3,000 USD (was $52,990 USD).
The Performance Model Y dropped $1,000 to now start at $59,990 USD, while it also got a range increase to 291 miles, up from 280 miles. This price now includes the previous Performance Package which brings 21-inch Uberturbine wheels, performance brakes and suspension, along with aluminum alloy pedals.
Compared to the Tesla Model 3 Long Range AWD, the price drop means the Model Y equivalent is only $3,000 USD more.
The Model Y price changes apply to Canada as well:
- Long Range: $69,990 CAD (-$6,000; was $75,990 CAD)
- Performance: $83,990 CAD (-$2,000; was $85,990 CAD) but now includes Performance Upgrade Package; range now 468km (was 451km)
Again, it literally costs more to be an early Tesla adopter. If you purchased a Model Y within the past seven days, contact your Tesla advisor to get a price adjustment. As Tesla becomes more efficient in the production of Model Y, it appears it can lower pricing slightly.
It’ll be interesting to see what Tesla’s adjusted pricing will be when the Standard Range RWD Model Y debuts in 2021.
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