Tesla suspends Model Y Standard, reduces the price of Long-Range Model 3/Y variants

-

-Advertisement-

Tesla has gotten 1 step closer to achieving the milestone of $35k Tesla with the recent price drop in the Model 3 Standard Plus variant which is now priced at $36,990. Sadly, Tesla has discontinued the Model Y Standard Range variant, the price of which was also reduced by $1,000 for a few days, lucky customers have gotten the last ones at $39,990.

Tesla Model Y Standard Range discontinued, Long Range AWD price dropped.
Tesla Model Y Standard Range discontinued, Long Range AWD price dropped. Source: Tesla online car configurator.
Tesla Model Y Accessories by EVANNEX (Sponsored Banner).
– Sponsored –

Tesla has reduced the price of the Model Y Long Range AWD by $1k to $48,990. Model Y LR AWD is now the new base variant of this electric SUV.

Model 3 Long Range AWD has also received a price reduction of $1k, now the new price of this variant is $45,990.

Tesla Model 3 Standard Range Plus and LR AWD get $1,000 price reduction.
Tesla Model 3 Standard Range Plus and LR AWD gets a $1,000 price reduction. Source: Tesla online car configurator.

After the previous week’s price reduction in the basic versions of Model 3 and Model Y — Model Y base price went so close to the Model 3 Standard Range Plus, Tesla might have felt cannibalization of the Model 3 and it became the reason for Model Y Standard’s removal from online ordering.

Lower profit margins might also have been the reason for the discontinuation of the Model Y Standard Range which was only launched last month. This was the only Rear-Wheel Drive (RWD) Model Y variant that Tesla had introduced for a short period of time.

Tesla has a history of canceling and then later on bringing back some variants. The Silicon Valley-based automaker or its vibrant CEO Elon Musk has not yet opened up about the reason for the Model Y Standard version’s discontinuation — but there is a chance that it will come back sometime in the near future.

Stay tuned for more interesting Tesla news, follow us on:
Google News | Flipboard | RSS (Feedly).

Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Iqtidar has been writing about Tesla, Elon Musk, and EVs for more than 3 years on XAutoWorld.com, many of his articles have been republished on CleanTechnica and InsideEVs, maintains a healthy relationship with the Tesla community across the Social Media sphere. You can reach him on Twitter @IqtidarAlii

Latest News

Study: The Current Generation of Students Is Pushing for Sustainable Electric Vehicles

Sustainability is a crucial factor directly influencing consumer choices, particularly among Gen Z students. Within the auto market, younger...

FSD Beta v12.2.1 is coming pre-installed on new Tesla vehicles with Full Self-Driving transfers

Tesla (TSLA) started rolling out its most awaited FSD Beta release version 12 (12.2.1) earlier this week. As we...

Tesla begins wider release of FSD Beta 12.2.1 (2023.44.30.2) — it can finally take smooth U-turns (videos)

After a long wait of weeks and months, Tesla (TSLA) has finally started pushing the Full Self-Driving Beta v12...

Tesla to fix auto wiper issues with an OTA software update soon

A Tesla (TSLA) software engineer has confirmed on X (Twitter) that the automaker will soon release an over-the-air (OTA)...
- Advertisement -

Starship 28 stacked on Booster 10 for the first time in preparation for Flight 3 orbital launch test

Yesterday, Elon Musk's SpaceX moved the next candidates for Starship Flight 3 to the Orbital Launch Mount (OLM) at...

Starship Flight 3 likely to reach orbit, Elon Musk explains the reason for Flight 2 explosion and achievements of 2023

This past Friday, SpaceX CEO Elon Musk gave almost an hour-long presentation at the Starbase Rocket Garden. The vibrant...

SpaceX ends 2023 with a major Starship Flight 3 milestone — 33 engine Booster 10 static fire test

Elon Musk's commercial spaceflight and space exploration company SpaceX completed its year with a major Starship milestone. On Friday...

Tesla Tips & Tricks

Tesla Quarterly Reports & Eearnings

- Advertisement -

You might also likeRELATED
Recommended for You