{"id":44309,"date":"2020-07-13T20:55:00","date_gmt":"2020-07-13T20:55:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2650291"},"modified":"2020-07-13T20:55:00","modified_gmt":"2020-07-13T20:55:00","slug":"tesla-model-y-price-cut-as-elon-confirms-new-version-in-testing","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/07\/13\/tesla-model-y-price-cut-as-elon-confirms-new-version-in-testing\/","title":{"rendered":"Tesla Model Y price cut as Elon confirms new version in testing"},"content":{"rendered":"

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\"Tesla<\/figure>\n
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Tesla has quietly cut the price of its newest car, with the Model Y electric crossover trimmed by as much as $3,000. Deliveries of the Model Y only began in March 2020, amid close scrutiny by industry observers and investors alike as to how smooth the manufacturing process would be. Now, it’s already seeing a model shake-up.<\/p>\n

Today, you can buy the Model Y Long Range, Dual Motor All-Wheel Drive for $49,990 before incentives and tax credits. That’s $3,000 less than the previous price.<\/p>\n

The Model Y Performance AWD has also been reduced, though to the same extent. Tesla cut $1,000 off the sticker price there, bringing the EV down to $59,990. Both cars come with a $1,200 destination fee.<\/p>\n

As is usually the way with its unexpected price changes, Tesla has not publicly detailed its reasoning for why the Model Y has been reduced. The company announced its latest production numbers<\/a> earlier this month, notable as they included the period where the Tesla factory was shut down during the COVID-19 pandemic. Manufacturing figures for the Model Y were bundled in with those of the Model 3, rather than being broken out separately.<\/p>\n

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Meanwhile, Tesla CEO Elon Musk has confirmed that these price adjustments aren’t the only tweaking the Model Y is going to see. For a start, the Model Y Standard Range that was originally promised<\/a> at the crossover’s debut is now no longer going to be built, Musk said. That version was intended to come in at $39,000, and launch in spring 2021.<\/p>\n

According to Musk, range for the car would be under 250 miles by the EPA’s measure, something he described<\/a> as “unacceptably low.” Instead, he explained, there will be a Model Y Long Range Single Motor arriving “in a few months.” That should be more affordable, Musk argued<\/a>, “while still keeping the product excellent.”<\/p>\n

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As to what exact range drivers might be able to expect from that version of the crossover, Tesla is still doing the testing. “Numbers will be significantly higher than 300,” Musk suggested<\/a>.<\/p>\n

On the horizon, meanwhile, are a number of competitors in the Model Y’s category. Ford is readying its Mustang Mach-E for deliveries later in 2020, though the fastest iterations of the electric crossover won’t arrive until spring 2021. The Polestar 2 is also imminent, as is its sibling the Volvo XC40 Recharge<\/a>, while luxury buyers will get to consider the Audi Q4 e-tron in 2021. Pricing for the Audi<\/a> could make it the most affordable EV in the automaker’s line-up, and potentially its most popular.<\/p>\n<\/div>\n

\n

See Campaign: <\/strong>https:\/\/www.slashgear.com\/tesla-shocks-market-with-q2-2020-electric-car-numbers-02627488\/<\/a>
Contact Information:<\/b>
Chris Davies <\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

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Contact Information:<\/h3>\n

Chris Davies <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

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Now, it’s already seeing a … Continue reading Tesla Model Y price cut as Elon confirms new version in testing<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22,54],"tags":[],"class_list":["post-44309","post","type-post","status-publish","format-standard","hentry","category-english","category-united-states","category-wire"],"yoast_head":"\nTesla Model Y price cut as Elon confirms new version in testing - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/07\/13\/tesla-model-y-price-cut-as-elon-confirms-new-version-in-testing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla Model Y price cut as Elon confirms new version in testing - Business\" \/>\n<meta property=\"og:description\" content=\"Tesla has quietly cut the price of its newest car, with the Model Y electric crossover trimmed by as much as $3,000. 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