Tesla has made changes to its Model Y lineup by removing the Model Y Rear-Wheel Drive variant and replacing it with the Long Range RWD variant. This change was announced just two weeks ago when the EV giant reduced the price of the Model Y RWD by $2,000 to $42,990, making it the lowest list price ever. The Long Range RWD will now start at $44,990.
The new Long Range RWD variant offers a range of 320 miles compared to the previous model’s 260 miles, which is a significant increase in range for an additional cost of only $2,000. The Model Y LR All-Wheel Drive also starts at $47,990 and has a range of 310 miles but provides faster acceleration. Elon Musk mentioned on social media that many recent RWD Model Ys have an additional 40-60 miles of range that can be unlocked for $1,500-$2,000.
Tesla recently removed discounts on new U.S. Model Y inventory, which had been around 10%, causing the effective price of the Model Y in the U.S. to be higher than it was several weeks ago. Despite this, Tesla stock rose 7.7% last week to 181.19 after increasing by 14.4% the week prior due to strong demand for electric vehicles and Tesla’s growing reputation as a leader in sustainable transportation solutions. Shares surpassed the 1
