Tesla dropped its cheapest Model Y yet as affordable EVs are set to hit the market.
Attila Kisbenedek/AFP via Getty Images
Tesla quietly launched a new, cheaper version of the Model Y that costs $41,990.
The Standard Range model gets an EPA-estimated range of 244 miles and comes with rear-wheel drive.
The automaker also added a 7-seat option for the Model Y, which comes at a $3,000 premium.
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Tesla's planned
$25,000 electric vehicle is still years away, but in the meantime, its Model Y crossover just got a whole lot more affordable. The EV maker quietly launched a new entry-level Standard Range version of the
Model Y with a starting price of $41,990, down $8,000 from the Long Range model, which used to be the lowest-priced option. The car costs only $4,000 more than Tesla's least expensive offering, the Standard Range Plus
Model 3.The new Model Y option has a lower EPA-estimated range of 244 miles, compared to the Long Range version's 326-mile rating. It also comes with rear-wheel drive, instead of the all-wheel-drive setup that is found on the Long Range version and the $59,990 Performance model. Model Y buyers can also now opt for a
7-seat version, which costs an additional $3,000 and adds a third row with two seats. Both the second and third rows fold flat to maximize cargo space, Tesla says.
