Tesla Model Y drops in price again cutting $2,000 in the US.
Tesla Model Y drops in price again cutting $2,000 in the US.
In March of last year, Tesla raised the Model Y’s price in Europe by 2,000 euros. A move made to break the negative pattern of its behavior brought on the profit margin. Additionally, this cleared space for a new rear-wheel drive Long Range version, which took up that area. Surprisingly, though, Tesla has acknowledged the Model Y’s price reduction.
This movement has taken place in the United States. There, the Model Y’s starting standard is $42,990, and the same as it was until yesterday when it was $44,990.
The Long Range Dual Motor variant returns to $47,990, while the Performance drops $2,000 to $51,490.
Thanks to the addition of the rear-wheel drive Long Range version—the most autonomous—we now have up to four models available in Spain. It costs 48,990 euros.
Tesla hasn’t adjusted its prices in Europe yet, but modifications made in one region eventually make their way to the others within a few weeks.
That means that extrapolating these changes, the prices of the Model Y in Europe with this reduction would be as follows:
- Tesla Model Y standard (455 km WLTP): 42,990 euros (44,990 euros currently).
- Tesla Model Y Long Range rear-wheel drive (600 km WLTP): 46,990 euros (48,990 euros currently).
- Tesla Model Y Long Range Dual Motor (533 km WLTP): 49,990 euros (51,990 euros currently).
- Tesla Model Y Performance (514 km WLTP): 55,990 euros (57,990 euros currently).
For its competitors, such as the Volkswagen ID.4, which in its Pro form boasts a 210 kW (286 HP) motor and 77 kWh battery, 550 km WLTP), that would be a very demanding step. A vehicle priced at 48,015 euros that would rival the rear-wheel drive Model Y Long Range.
Consequently, this 600 km WLTP variant of the Model Y would cost 1,025 euros less than the Volkswagen if Tesla were to reduce the price of the Model Y by 2,000 euros.
The BYD Seal U is yet another clear competitor. Comfort, the entry-level SUV, has a 71.8 kWh LFP battery with Blade technology, providing up to 420 km of autonomy based on the WLTP cycle. Design, the more autonomous variant, has an additional 87 kWh LFP Blade battery, extending the electric autonomy to 500 km.
A model that starts at 42,990 euros for the Comfort version, while the Design starts at 45,790 euros.
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