Tesla re-released the Model Y Long Range on Friday, as the model in the lineup that offers the longest range at the lowest price — providing an additional change for those who have recently buy the basic Model Y.
The latest Model Y Long Range includes an EPA range of up to 320 miles and a 0-60 mph acceleration time of 6.5 seconds, priced at $46,630, including destination and mandatory ordering fees. That gives an EPA range of 320 miles — 10 miles more than the current $49,630 Model Y Long Range AWD, yet can accelerate much quicker at 4.8 seconds to 60 mph.
But that’s not the most notable news from Tesla’s most recent price and model revision. On Saturday, CEO Elon Musk spoke out on his X social network, explaining that the base Model Y versions that have been produced and delivered in recent months actually have a wide range of possibilities. more useful — unlocked for $1,500 to $2,000, with a corresponding increase of 40 to 60 miles of range, pending “regulatory approval.”
Posted on X by Elon Musk – May 4, 2024
That means someone bought the base Model Y for $44,630 later. Tesla’s most recent price cut That can be increased to 320 miles of range for a total cost equivalent to $46,630.
This possibility raises a lot of questions – such as why Tesla builds cars with much larger battery capacities than needed to provide rated range – a headache when it comes to profitability. is crushing the entire market and battery capacity is one of the biggest costs. There’s a backstory here that, so far, Musk seems reluctant to tell; but perhaps more information will be available pending regulatory approval.
2024 Tesla Model Y. – Courtesy of Tesla, Inc.
The automaker notes that the Model Y in any of these trims is eligible for the full $7,500 EV tax credit. While that’s a big advantage—reducing real costs to $39,130 for many households—the Model Y is no longer the dominant range leader. The Ford Mustang Mach-E 2024For example, the rear-wheel drive extended-battery version will also get an EPA-rated 320 miles (though a larger battery is needed). Electric crossovers don’t come with a higher premium price tag included Fisker Ocean (360 miles) and Chevy Blazer EV (324 miles, not officially confirmed). The Nissan Ariya, Hyundai Ioniq 5And Kia EV6 all offer ranges of 300 miles or more.
Tesla delivers a more consistent charging experience, and that remains the company’s competitive advantage — albeit with pending network sharing with multiple automakers and the recent layoffs of entire teams , that advantage seems less certain.
