Model Y: Entry Price Drop

Tesla has introduced a more affordable, rear-wheel-drive Model Y in the United States, significantly lowering the entry price to $42,990 before potential tax credits. This new version offers an estimated range of 260 miles, making it a more economical option compared to the existing Long Range and Performance models. This launch marks a strategic move to broaden Tesla's market appeal and increase sales, particularly in the face of growing competition in the electric vehicle sector. The reduced price point makes the Model Y more accessible to a wider range of consumers who may have been previously priced out of Tesla ownership. The rear-wheel-drive Model Y is estimated to reach 0 to 60 mph in 6.6 seconds and has a top speed of 135 mph. It is available for order on Tesla's website. The introduction of this model also impacts the availability of the Standard Range Model Y with all-wheel drive, which was only intermittently offered and provided similar range at a higher price. By simplifying the lineup, Tesla aims to streamline production and potentially improve profit margins. This change reflects Tesla's ongoing efforts to adjust its pricing and product offerings to meet evolving market demands and maintain its leadership in the EV market. find the original article here: https://finance.yahoo.com/news/tesla-launches-cheaper-model-y-011908102.html