Tesla lowers Model Y price to $51,190, raises price on Autopilot

Daniel Fowler
July 14, 2020

The Model Y Long Range dropped $3,000 to start at $51,190, including a destination fee of $1,200.

Tesla cut the price of its sport utility vehicle Model Y by $3,000 (roughly Rs. 2,25,400), just four months after its launch, as the United States electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic.

The five-seat Model Y Long Range has a range of 316 miles and a 0-60 mph time of 4.8 seconds.

The lower price might serve to get a stronger lead versus a flood of forthcoming rivals sized and equipped like the Model Y. The Polestar 2, which hits a middle ground between the Model 3 and Model Y, is just reaching the market. It would only make sense for Tesla to make it affordable for those buyers.

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When the Model Y was lauched, Tesla stated that it would be selling its different versions at $5,000 more than the Model 3 ones. Previously, the vehicle was available with an optional Performance Package that sees the top speed increased from 145 miles per hour (233 km/h) to 155 miles per hour (250 km/h) as well as unique 21-inch wheels fitted alongside Performance brakes, lowered suspension, and aluminum pedals.

Electrek notes that some adjustments have also been made for the flagship Tesla Model Y Performance.

Over the weekend, people noticed that the Model Y Standard Range was removed from Tesla's configuration page. At launch in March 2020, and still today, the Model Y is available in Long Range all-wheel-drive (AWD) and Performance AWD configurations. Tesla raised the price of its Full Self-Driving option from $7,000 to $8,000 after July 1.

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