Model Y in the U.S. and Europe, featuring design updates and new features. The initial offering is the fully loaded Launch Series trim, priced at $59,990, which is $4,000 more than the current Model Y Long Range All-Wheel Drive version. Despite this premium pricing for the new model, Tesla continues to offer the previous Model Y version at a reduced price, maintaining a $4,000 difference between similarly equipped models.
In the past, Tesla has implemented price reductions for the Model Y. For instance, in April 2024, the company reduced prices by $2,000 across all Model Y trims in the U.S., bringing the Model Y Long Range down to $47,990 from its previous price of $49,990.
Additionally, the used Model Y market has seen significant price decreases. As of August 2024, the average price for a one- to three-year-old Model Y was $33,310, reflecting a 25.9% drop from the previous year.
These pricing strategies indicate tsla efforts to make the Model Y more accessible to a broader range of customers.
