Home / Business and Economy / Tesla Slashes Model Y Price in UK
Tesla Slashes Model Y Price in UK
8 Dec
Summary
- Tesla's new Model Y Standard is £3,000 cheaper, starting at £41,990.
- The Model Y Standard offers 314 miles of range, improved efficiency.
- Deliveries for the cheaper Model Y Standard are scheduled to begin in February.
Tesla has launched a new, cut-price Model Y Standard in Britain, marking a significant reduction of £3,000 from the previous Rear Wheel Drive model. This new variant, starting at £41,990, aims to entice buyers with a more affordable entry into the popular SUV segment. It offers an improved range of 314 miles and enhanced efficiency, making it Tesla's most efficient Model Y to date.
The introduction of the Model Y Standard follows its debut in the US market as Tesla seeks to counter a challenging year marked by slumping share values and increased competition. The brand has strategically reduced the vehicle's top speed and acceleration to qualify for a lower insurance group rating, contributing to a lower total cost of ownership for consumers. This move is part of a broader effort to re-engage cost-conscious buyers.
Visually, the Standard trim features subtle design changes, including separate headlights instead of a light bar and a simplified front bumper. The interior sees a shift to cloth upholstery and a smaller centre console. Despite these modifications, it retains essential Tesla features like app-based remote access, standard autopilot, and hardware readiness for full self-driving capabilities, with deliveries commencing in February.
