Tesla has dropped the price of the Model Y, Model S and Model X by $2,000 each in the US. Model 3 prices remain the identical, as do prices of the newly-released Cybertruck.
Tesla has had quite the week, between firing 10% of its workforce and losing two key executives, filing to get CEO Elon Musk’s voided $55 billion pay package reinstated, and putting its upcoming $25k automotive on hold.
All this news comes after disappointing quarterly delivery results, with inventory rising to high levels.
Perhaps in anticipation of those poor delivery results, last quarter, Tesla put a “temporary” discount on the Model Y its hottest vehicle (and the world’s best-selling vehicle), lowering prices by $1,000 for just a couple of weeks. After that discount lapsed, it warned buyers ahead of time that prices would increase again by $1,000 at the tip of the quarter.
Those prices did indeed increase on April 1 – but now, lower than three weeks later, the price is back down again.
As of today, Tesla has dropped prices on all trims of its Model Y, together with the Model S and Model X as well.
The Model Y RWD now starts at $42,990, down from $44,990. Model Y Long Range is $47,990, when it was previously $49,990. Model Y Performance is now $51,490, previously $53,490.
This is equivalent to the price of the Model Y during Tesla’s temporary discount in February, which only lasted a pair weeks.
Tesla’s dearer Model S and X vehicles at the moment are cheaper as well. While $2,000 isn’t as big a piece of either of their prices, they’ve got the identical discount because the Model Y did, with $2k taken off of every trim.
The Model S Long Range now starts at $72,990 and Model S Plaid at $87,990, with the Model X Long Range starting at $77,990 and Model X Plaid at $92,990.
Tesla has not referred to this as a “temporary” discount, unlike it did with Model Y’s last discount. This seems to just be a normal random Tesla price cut, as we’ve seen very often, especially in the last couple years.
The Model 3, which recently received a giant refresh, still has the identical purchase price as yesterday. However, as of two days ago, Tesla is now offering a $299/mo lease on the Model 3, whereas previously it had charged $329/mo.
Cheapest US Model Y ever?
At $42,990 base price, the Model Y is now a “$35k car” after taking into consideration federal EV incentives, which at the moment are available upfront at point-of-sale.
This $35,490 post-incentive price is tied for the most cost effective price for the Tesla Model Y in the US yet, though the previous time Model Ys were this low cost was considered a “temporary discount” by Tesla. It beats the previous “permanent” low price of $36,490.
Early on, Tesla had offered a Standard Range Model Y as little as $39,990, but on the time it didn’t qualify for the tax credit as Tesla’s credits under the previous law had run out. Plus, it only appeared on the positioning for orders for a pair weeks, showing up in early January 2021, then getting a price cut in February before being faraway from the configurator per week later. It was supposedly still available “off menu” as a custom order for some time.
Credit : electrek.co
