Tesla Model Y available in cheaper option that starts from $42K

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San Francisco, Jan 8 (IANS) Tesla on Friday launched a cheaper Standard Rage version of its successful Model Y that starts from $41,990 (compared to $49,990 for the Long Range model).

The cheaper Model Y now costs a few thousands more than Model 3, which is still Tesla’s least expensive vehicle.

According to a report in Electrek, Tesla will start the deliveries of the new Model Y version in two to five weeks in the US.

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The cheaper version will give a lower EPA estimated range of 244 miles rather than 326 miles, and rear-wheel rather than all-wheel drive.

Tesla has also started taking orders for the 7-seater, third-row option, which can be folded flat along with the second row for cargo storage.

“The option costs $3,000 extra and appears to be available with all versions of the electric SUV except the Performance version,” the report mentioned.

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Tesla originally announced the Standard Range version of the Model Y in March last year.

The electric car maker has also listed a two to five week time for deliveries of the 7-seat option in the US.

In July last year, Tesla CEO Elon Musk had said that the company will not produce the cheaper version of the Model Y because he said that the range would be “unacceptably low”.

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Tesla delivered 499,550 vehicles in 2020, slightly missing its most recent guidance of 5,00,000 vehicles.

In the fourth quarter, Tesla delivered 1,61,650 Model 3 and Model Y cars and produced 1,63,660 such vehicles.

The automaker also delivered 18,920 Model S and X vehicles and produced 16,097 of them.

For the year, Tesla delivered 4,42,511 Model 3 and Model Y cars, while producing 4,54,932 of the vehicles. It delivered 57,039 Model S and Model X cars while producing 54,805 such vehicles.

–IANS

na/

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