Tesla has dropped the new Model Y Launch Series from its lineup, replacing it with a significantly cheaper Long Range All-Wheel Drive variant. New entry-level Model Y now starts at $48,990 before destination fees and taxes—a steep $11,000 reduction from the Launch Series’ $59,990 starting price.
The change happened late last week without fanfare, continuing Tesla’s pattern of sudden pricing adjustments. For budget-conscious EV shoppers, this represents a substantial opportunity, especially considering the $7,500 federal tax credit that effectively brings the starting price down to $41,490 for qualifying buyers.
The price reduction comes with expected compromises. The Launch Series Model Y arrived with Tesla’s FSD (Supervised) driver assistance system included—now an $8,000 option or available through subscription. Premium vegan suede interior and special badging are also casualties of the price cut.
Performance takes a slight hit too. While the Launch Series accelerated from 0-60 mph in a brisk 4.1 seconds, new Long Range AWD needs 4.6 seconds for the same sprint. Tesla hasn’t clarified if this comes from reduced power output or other factors.
The Long Range AWD Model Y maintains the 327-mile EPA-estimated range with the standard 19-inch all-season tires, new non-launch series model Y with premium diamond black paint option. Buyers can opt for 20-inch wheels, though this reduces range to 303 miles.
Available options remain limited but focused: a $1,000 tow hitch, $35 center console trays, $240 all-weather floor mats, and a $500 roof rack, seven-seat configuration isn’t available yet for this variant.
The new Model Y pricing makes Tesla’s most popular vehicle substantially more accessible. Reports indicate that some Model Y colors are available for immediate pickup in the Los Angeles area, suggesting inventory is building for the non-Launch Series models across the US.
Tesla’s Model Y price reduction comes at an interesting moment for electric vehicles. While many publications criticize Teslas while simultaneously downplaying competitors, the Model Y still offers compelling advantages in the EV marketplace.
The reliability of Tesla’s range estimates and the simplicity of its Supercharger network remain significant selling points compared to other EVs, where range anxiety and charging complexity continue to frustrate owners.
With this price adjustment, Tesla has positioned the Model Y to maintain its market dominance by making it more accessible to mainstream buyers. For those who’ve been on the fence about a Model Y purchase, Tesla’s strategy clearly aims to cross that barrier.
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