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

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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.
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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:
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Iqtidar Ali
Iqtidar Alihttp://www.teslaoracle.com
Author of more than 1500 articles on Tesla, SpaceX, and EVs. His work has been liked and tweeted by Elon Musk and other prominent influencers. You can reach him on Twitter @IqtidarAlii

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