Tesla model Y price dropped again in 2024
Just last week, The Tesla Model Y had dropped to an incredibly low starting price that undercut the average new car cost in the USA by a cool $10,000 after factoring in the federal EV tax credit. Well, hold on to your seats folks, because Tesla has gone ahead and made the Tesla Model Y even cheaper!
The base Model Y now starts at just $42,990 before the $7,500 tax credit. Apply that sweet tax incentive, and you’re looking at a mind-blowing $35,490 out-the-door price. The Long Range variant gets a price haircut too, now kicking off at $47,990 ($40,490 after credit).
Tesla Model Y Range
Plenty of range for every kind of drive. From daily driving to family road trips, charging Model Y is fast, convenient and accessible anywhere there’s electricity. For that premium, you get a longer 330-mile range and a punchier 0-60 mph time of 4.8 seconds.
I’ve got to imagine these tantalizing new price points are going to supercharge Tesla Model Y demand even further. Every few thousand bucks you shed opens up the vehicle to a massive pool of new buyers. And of course, there’s the fear-of-missing-out factor – at prices this irresistible, who knows if they’ll stick around for long before inevitably creeping back up.
I’m honestly tempted to pull the trigger myself. My main gripes? The free color is that bland dark grey (yawn), and those gorgeous white seats that are a must-have in sunny climates will run you an extra $1,000. But hey, compared to just a week ago, it’s like getting those upgrades for free thanks to the $2,000 discount!
As for the aging Model 3 sedan? Pricing remains unchanged at $38,990 to start, though it has sadly aged out of tax credit eligibility. Tesla is heavily pushing its low $299/month lease deal to compensate. Not a bad way to get into a premium EV if you don’t mind subscribed ownership.
Still, there’s no denying the compact Model Y crossover is the people’s champ right now. Last quarter it outperformed the Model 3 by a stratospheric 3-to-1 ratio. Will these ludicrous new prices help the sedan claw back some market share? We’ll be watching to see if the tide shifts in Q2.
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