The Tesla website currently restricts orders to those of the already discounted $54,380 Long Range or $58,380 Performance models. However, stores across the country are stocking salable base Tesla Model Y EVs with this lower starting cost. With more affordable options now available for those interested in investing in the all-electric SUV, customers have even more incentive to make the switch to a Tesla Model Y.
The entry-level Y also comes with a standard air suspension, Autopilot 3.0 hardware, and the Tesla app. However, more than these features may be needed to convince buyers to choose the lower-cost model over the Long Range variant. That's because most of these units have an additional $2000 worth of optional 20-inch wheels and tires, effectively bringing their price closer to that of the Long Range model.
Tesla has unveiled an all-new entry-level version of its Model Y electric crossover. This new dual-motor all-wheel-drive iteration boasts a more excellent EPA-rated range than the original single-motor variant, offering up to 279 miles on a full charge.
The cheapest Tesla Model Y trumps the old Standard Range model in terms of range by 35 miles, though it falls short of the Long Range and Performance versions which boast up to 330 and 303 miles, respectively. The new model also features a suite of driver assistance features, including Autopilot, Traffic Aware Cruise Control, Auto Lane Change, Summon Mode, and more.
Tesla likely wanted to make its vehicles more affordable for a larger group of customers. The Model Y is already one of the most popular electric cars on the market. By making it less expensive, Tesla could potentially sell even more units.
The company also could have been trying to compete better with other automakers producing electric cars at lower prices. Instead, this price cut may help them stay competitive and offer buyers an alternative option to other companies' vehicles while maintaining their brand reputation.
Finally, reducing prices could encourage people to join Tesla's ever-growing customer base and show appreciation for its current users. A lower cost could entice new buyers to try the car while rewarding Tesla's existing customers who may have been waiting for a price drop before making a purchase.
Regardless of Tesla's motivations, the recent Model Y price cut is worth noting if you're in the market for an electric vehicle. It's important to consider all options and weigh them against your budget before making any decisions.
According to EPA estimates, the 4680 battery pack in the Tesla Model Y Standard Range Plus delivers an estimated range of 238 miles per charge. While this is less than what one could expect from the previous-generation 75.0-kWh battery packs found in the Long Range model, it still provides plenty of power for those looking to get from point A to point B without worrying about recharging too often. The Model Y's smaller battery also helps keep its weight down, making it more agile and responsive on tight roads and highways. In addition, thanks to its improved efficiency, drivers can enjoy a smoother ride with fewer stops at charging stations.
Tesla has yet to release further information on the specifications of their new 4680 battery pack. Still, based on the range of the Standard Range Plus model, it's likely that this battery has a rated capacity lower than that of the 75.0-kWh pack found in the Long Range model. However, even with its decreased range, this new offering from Tesla still packs plenty of power and efficiency for drivers who want to enjoy all the benefits of an electric vehicle without sacrificing performance.
At Tesla's Texas plant, this latest battery is manufactured alongside its other products to ensure only the highest quality components are used in each vehicle. This means that customers can rest assured knowing they're getting a reliable product backed by one of the most trusted names in electric cars. With its improved range and efficiency, there's no better way to experience the power of an electric car than with a Model Y equipped with Tesla's 4680 battery pack.
The Tesla Model Y is cheaper than its Long Range counterpart by $2000 - but with that lower price comes a shorter range of 250 miles per charge compared to 316 miles. Whether this trade-off, in terms of range vs. cost savings, is worth it really depends on your individual circumstances.
But here's something to consider: opting for the base model will give you more flexibility when customizing or upgrading your new EV and added financial freedom in terms of covering other expenses such as monthly payments or even gambling debts if need be. So think of the base 2023 Model Y - it may not have all the bells and whistles, but you get a lot more bang for your buck.
If you're looking for a used Tesla for sale, you might want to check out this car inventory. Make sure to look for the vehicle condition report before consider buying.
