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Tesla Slashes Model Y Price in US
3 Feb
Summary
- A new Model Y variant is now available in the U.S.
- The all-wheel drive Model Y is priced at $41,990.
- This new price point is higher than the standard Model Y.
Electric vehicle manufacturer Tesla recently launched a new variant of its Model Y SUV in the United States. This newly available model features all-wheel drive and is priced at $41,990 on the company's website. The introduction places this variant above the existing, less expensive standard Model Y.
This strategic pricing adjustment follows Tesla's October introduction of stripped-down versions of its Model Y SUV and Model 3 sedan. These earlier launches offered prices approximately $5,000 below their previous base models, aiming to bolster sales volumes after a significant reduction in federal tax credits.
The broader electric vehicle market has seen a slowdown in demand since late September. This downturn is attributed, in part, to the cessation of $7,500 federal tax credits. Tesla is also navigating heightened competition on a global scale.
