Tesla Launches Cheaper Model Y in US. Welcome to TheNewsNamaste, Tesla has made a major move to expand the appeal and availability of its top-selling Model Y electric crossover in the US with the introduction of a new, lower-priced model. The move is aimed at reaching more consumers in a more competitive US electric vehicle market.

The new base model introduces a powerful mix of range and the features necessary that have established the Model Y as a best-seller, but at a significantly lower starting price point than the current dual-motor levels.

Welcome the Model Y Long Range Rear-Wheel Drive (RWD)

The key to the lower price tag is the introduction of a rear-wheel-drive single-motor variant. This new Model Y Long Range Rear-Wheel Drive model is positioned in the range below the dual-motor All-Wheel Drive (AWD) variants.

Even as it gives up on the extra acceleration and traction of a second motor, this RWD version is all about efficiency and range, and it will be attractive to drivers who care most about how far they can travel before having to fill up again.

Price and Value Proposition

The new Model Y Long Range RWD starts at $44,990 before incentives. That’s a substantial markdown from the Model Y Long Range AWD, which starts at $48,990.

Also, this new model is eligible for the federal $7,500 EV tax credit, so the effective base price of just a little more at $37,490 for eligible buyers. This places the Model Y much closer in reach and on a more even playing field with other electric SUVs available. (Note: Order and destination fees might apply, so initial purchase slightly more before tax credit).

Important Specifications of the Model Y Long Range RWD:

• Drive: Single Motor Rear-Wheel Drive
• Estimated EPA Range: 357 miles on one charge (on 19-inch wheels)
• 0-60 mph Acceleration: 5.4 seconds
• Top Speed: 125 mph
• Seating: 5 adults
• Cargo Capacity: 76 cubic feet (front trunk included)

Though a bit slower to accelerate than its AWD brethren, the Long Range RWD model has the highest EPA estimated range of any Model Y available in the US and is best suited for those with longer commutes or who value maximizing distance between charges.

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Why a Less Expensive Model Y Now?

Tesla’s release of a lower-cost Model Y is conducted as the company experiences increased competition in electric cars and wants to maintain sales volume. By making the Model Y more affordable, Tesla can access more of the market and keep the Model Y competitive with even more electric SUV choices on the market. The release is also a part of Tesla’s general strategy to increase the use of electric vehicles.

Availability

Tesla Model Y Long Range Rear-Wheel Drive can now be ordered on their website, and first deliveries will commence within the next few weeks (usually around 3-5 weeks from ordering).

The US introduction of Model Y Long Range RWD is a key step towards making the hugely popular electric SUV more mainstream. With its increased range and lower cost (especially after incentives), the new model is likely to attract a new range of buyers and cement Model Y’s position in the saturated electric vehicle market.