Tesla Model Y Prices Go Back Up, but Performance Model Gets Cheaper
It’s obviously not the first time Tesla is adjusting prices and it won’t be the last, but the latest move will probably get on the nerves of Model Y customers.
On March 15, the company increased prices by $1,000 on two of the popular electric crossover’s trim levels—only six weeks after slashing them by $4,000 to reach price parity with the Model 3 sedan.
- Also: 2024 Tesla Model 3: Now That’s a Real Car
- Also: Tesla Model Y is Now Just as Cheap as Model 3 in Canada
The base Model Y with rear-wheel drive now starts at $54,990 (MSRP), while the dual-motor Model Y Long Range costs $64,990. Their maximum range is rated at 394 km and 497 km, respectively.
On the flip side, the top-line Model Y Performance (459 km of range) has dropped from $74,290 to $69,990, making it eligible to the $5,000 EV rebate from the Canadian government’s iZEV program.
One of its main rivals, the Ford Mustang Mach-E GT Performance Edition, was recently discounted by $13,000 in an attempt to move MY2023 units from dealer lots. It now costs virtually the same ($69,995) as the Model Y Performance.
According to the Automotive News Data Center, Tesla sold approximately 18,500 Model Y crossovers in Canada in 2023, up 131 percent from the previous year.
Unlike the Model 3, which received a significant update for 2024, the Model Y is pretty much unchanged. However, you can bet that similar enhancements are coming, possibly next year.