As Tesla’s Model Y continues to capture the attention of car enthusiasts worldwide, the 2025 redesign aims to maintain its status as the leading electric vehicle. With its previous victory over popular gasoline-powered models like the Toyota RAV4 and Honda Accord, the Model Y stood as the top-selling car globally in 2023, according to JATO Dynamics. However, with increasing competition and challenges, Tesla’s future sales trajectory remains uncertain.
If you’re considering purchasing a Model Y, here’s what you need to know.
How much does a Tesla Model Y cost?
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The Model Y is priced competitively within Tesla’s lineup, being the second-most affordable option available. The rear-wheel Long Range Model Y is set at $46,630, while the all-wheel drive Long Range version starts at $50,630. The anticipated Model Y Performance model is yet to be released.
Tesla’s pricing strategy is dynamic, with frequent adjustments made throughout 2024 to align production with consumer demand, according to CEO Elon Musk. More on Tesla’s pricing changes here.
What features are new about the Model Y?
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The Model Y’s latest iteration includes revamped tail lights and headlights featuring a light bar across the front. Aerodynamic modifications and a rear spoiler enhance the vehicle’s design. The front seats now feature ventilation, and a new eight-inch rear screen has been introduced.
In keeping with Tesla’s minimalist design philosophy, the Model Y’s interior remains largely button-free, with controls accessible via a large touchscreen or voice commands. The display provides critical information such as speed, navigation, and access to Tesla’s signature features like Dog Mode and a web browser.
Does Tesla’s Model Y qualify for the new EV tax credit?
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Yes, the Model Y qualifies for a $7,500 federal EV tax credit, provided buyers meet income limits: $150,000 for individuals, $225,000 for heads of households, and $300,000 for married couples. Learn more about the EV tax credit here.
Does Tesla sell a bigger SUV?
For those seeking a larger vehicle, the Tesla Model X offers more space and comes with a higher price, starting at $77,990. This model is available in five, six, or seven-seat configurations and boasts a range of 348 miles. One of its standout features is the falcon-wing doors, which give it a unique appearance. Explore the Tesla Model X here.
Tim Levin contributed to an earlier version of this story.
