Tesla Lowers Model Y Prices: Sub $50,000 Entry Point


Every Model Y is equipped with hardware for the driver-assistance systems, which means owners can pay to activate the features after buying the vehicle, although Tesla usually charges more for the software after the auto has left the factory. Tesla created a "Standard Range" version available, but it is not listing anywhere.

Today, Elon Musk announced that there will be no Standard Range Model Y. At the time of this writing, a single Tesla share hovers around $1,500.

Tesla's different configuration terms have changed as the years went by.

This May, Tesla CEO Elon Musk became around $700 million richer as the Tesla met all targets for the first part of a wildly ambitious pay package.

As for the pricing of the upcoming Long Range single-motor RWD model, Tesla's pattern suggests that this model will cost $4,000 less than the variant just above this.

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Tesla produced 82,272 vehicles during the second quarter of 2020 and delivered 90,650, beating Wall Street expectations, despite the coronavirus pandemic and the massive toll lockdown restrictions have had on US auto manufacturing.

With all the exposed information, Tesla sounds to offer the same version of the vehicle for Model Y in a few months as they pointed out. His fortune rose to more than $6 billion, according to Bloomberg, after Tesla's stock surged 10.8% to a record of $1,544 per share, and the CEO took to Twitter reporting Tesla shares to be at an all-time high. Incidentally, as noted by Robb Report, this date coincides with the European launch of the Model Y.

Tesla has never given out the exact amount of pre-orders that the Model Y had, but Musk and his company have discussed the pre-orders for their other vehicles before, which includes the Model 3 and Cybertruck.

The carmaker revealed that it had delivered almost 90,650 vehicles in the quarter.