Atlanta, Georgia – The Tesla Model Y has seen a significant price drop making it even more affordable for consumers. With the base price now starting at $42,990, or $35,490 after the full $7,500 US EV tax credit, the Model Y is becoming a more enticing option for those in the market for a new vehicle.
For those looking for more range and quicker acceleration, the Model Y Long Range option is now available for $47,990, or $40,490 after the tax credit. This option offers approximately 50 miles more range on a full charge and quicker acceleration from 0-60 mph in 4.8 seconds.
The decrease in pricing for the Model Y may result in a boost in sales as it becomes more accessible to a wider range of buyers. Every $1,000 or $2,000 reduction in price opens up the market to more potential customers, creating a more competitive landscape for Tesla in the electric vehicle market.
While the standard Model Y comes in dark grey for free, other colors such as white or blue come at an additional cost of $1,000. Additionally, white seats, which are recommended for hot climates, have a cost of $1,000. Despite these added costs, the overall price drop of $2,000 for the Model Y makes these enhancements more affordable than before.
Comparatively, the Tesla Model 3 remains priced at $38,990, with leasing options starting at $299 per month. The Model 3 boasts new technology, improved back seats, and a redesigned appearance, appealing to those looking for a smaller sedan with enjoyable driving qualities.
Overall, the Tesla Model Y has been outselling the Model 3 by a significant margin, indicating a preference from consumers for its larger cargo space and higher seating position. With Tesla’s continued efforts to make electric vehicles more affordable and accessible, it will be interesting to see how sales trends evolve in the coming quarters as competition in the market intensifies.