Tesla Model Y Is Not As Cheap As Expected

[Marenda Jaseph]

After introducing a cheaper Tesla Cybertruck, the Texas-based EV maker has now revealed a more affordable version of its best-selling model, the Model Y. The new entry-level Model Y Long Range RWD is now available on Tesla's website. As promised, it will be arriving at owners earlier than previously reported, though Tesla did underdeliver on what matters the most: the price.
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Starting at $44,990 before the $7,500 federal tax incentive and $1,390 destination charge, the new Model Y Long Range RWD is only $5,000 cheaper than the sole Long Range AWD trim offered before. That's not the price of a sub-$30,000 EV, but there's a bit of good news to go with this underwhelming price cut - the base model doesn't differ much from the current top-spec variant.
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The only downgrade from the Long Range AWD to the RWD is the most obvious; it only has one electric motor. With the same battery installed but lower curb weight, the Model Y Long Range RWD has a longer EPA-estimated range of 357 miles (compared to 327 miles of the AWD), plus it supercharges up to 182 miles in 15 minutes (compared to 169). As a result of one fewer motor, the new variant is slower to 60 mph at 5.4 seconds (versus 4.6).
Other than what was stated above, there's virtually no difference between the two, which means the cheaper trim gets all the improvements that came with the introduction of the heavily-revamped Model Y Juniper. The options are the same, though we doubt the Long Range RWD gets the OTA-based performance boost that is available for the Long Range AWD. Deliveries are said to begin between three and five weeks.
We've known for a while that Tesla is planning to introduce a cheaper Model Y, with previous reports even hinting at a stripped-down version to further bring down its pricing. While the Long Range RWD may not fulfill that, those who are still clinging to the hope of a sub-$30,000 Tesla may be waiting for a different model, codenamed E41, something that's supposedly smaller and 20 percent cheaper to produce than the Model Y.

Another cheap EV to watch out for from Tesla is the so-called bare-bones version of the Model 3, which should also offer a better entry point to the Tesla brand. The automaker hasn't confirmed much just yet, so let's take this with a pinch of salt for now.