Tesla Lowers Model Y's Price: Standard Range Trim With Seven Seat Option Now at Its Cheapest

Tesla is now offering what could possibly be its cheapest Model Y deal. The giant electric vehicle company now allows people to people to purchase a more affordable Model Y vehicle.

Tesla Now Sells Its Cheapest Model Y! Seven Seat Option and Standard Rear-Wheel Drive are Now Available!
A Tesla car drives past the building home to German vaccine maker CureVac on September 1, 2020 in Tubingen, Germany. Tesla head Elon Musk announced on Twitter that he is traveling to Germany and plans to visit both CureVac, with which Tesla has a cooperation to build devices for producing RNA vaccines, and the site of the new Gigafactory under construction near Berlin this week. Photo by Christian Kaspar-Bartke/Getty Images

Previously, Tesla revealed that the original Model Y lineup would have a standard range rear-wheel-drive version in 2019. However, Elon Musk changed their plan after announcing in 2020 that the tech giant company will no longer make that kind of model since the range would be unacceptably low.

However, the company suddenly change its plan since Tesla decided to lower the EV's price considerably. As of the moment, Tesla's official website is offering Model Y for at least around $42,000 or $40,500 before potential savings.

Available Model Y versions

According to Yahoo Finance's latest report, the only available options previously were the performance versions and the long-range dual-motor all-wheel drive. However, these Model Y cars are pretty expensive since they cost $49,990.

However, Tesla is decided to release the new standard rear-wheel drive range. This version has a shorter range, running at 244 miles.

Tesla Now Sells Its Cheapest Model Y! Seven Seat Option and Standard Rear-Wheel Drive are Now Available!
The inside of a Tesla vehicle is viewed as it sits parked in a new Tesla showroom and service center in Red Hook, Brooklyn on July 5, 2016 in New York City. The electric car company and its CEO and founder Elon Musk have come under increasing scrutiny following a crash of one of its electric cars while using the controversial autopilot service. Joshua Brown crashed and died in Florida on May 7 in a Tesla car that was operating on autopilot, which means that Brown's hands were not on the steering wheel. Photo by Spencer Platt/Getty Images

The cheap Model Y version is still a great choice since it exceeds Tesla's expected range, which is 230 miles. Right now, the company said that the deliveries would take within two to five weeks.

As of the moment, Tesla is selling this version in California, the U.S., Mexico, and Canada. However, it is still not available in Asia and most of the company's European markets.

The company also started to receive orders for the seven-seater Model Ys. But, it is essential to remember that you need to add $3,000 on top of the car's base price. The fee is intended for the interior upgrade, which will provide you a third-row seating for two with USB-C charging ports and a sliding second row, which has adjustable backs.

The improvement will also allow you to fold the second and third rows for an electronic fold-flat release and cargo storage.

Tesla's Model Y is already sold out in China!

According to CarAndBike's latest report, Tesla's Model Y is already sold out in China. There are no more available units a few weeks after the electric vehicle was launched in the country. Telsa Model Y is the first vehicle that was entirely manufactured in Elon Musk's Shanghai Gigafactory. This is also the main reason the car model had a massive production scale.

For more news updates about Tesla and its upcoming electric vehicles, always keep your tabs open here at TechTimes.

This article is owned by TechTimes.

Written by: Giuliano de Leon.

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