Is Tesla About To Drop The Price Of The Model Y?

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Already half the price of the Model X, could Tesla be dropping the Model Y's price even more?

Even though deliveries of the Tesla Model Y midsize crossover were only supposed to get underway in summer 2020, some owners are set to get their SUVs in the next couple of weeks. As if that wasn't enough to get buyers excited, a Reddit user by the name of Coby Cruz has reported a drop in the price of his order of a Long Range Model Y AWD, fueling rumors that the EV maker could be reducing prices prior to the first models reaching their owners.

Cruz reported that his order page originally indicated a price of $61,000, inclusive of extras like 20-inch alloy wheels, an interior decked out in white, and Tesla's full self-driving ability. His order page now indicates a price of $58,500, a drop of $2,500.

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Cruz says: "The price was at $61k just about a week ago. Haven't seen anyone talk about this yet. Also, when I go to configure a new one when signed out, the price for all the same options is $62k. Anyone have any ideas on what is causing this?"

A screenshot of Cruz's second order confirms the price difference now relative to his original order page (although to be precise, the configuration costs $62,990, not $62k as per his quote). A couple of users responded to say that their original order price remained the same, although one person claims that their total (in a different configuration) also dropped by $2,500.

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The second user also reported that when trying to recreate his original configuration, adding or removing the performance pack has no impact on the price. Whether it's an error with Tesla's ordering system or prices are actually in the process of being adjusted, it seems too early for buyers to get excited about a price drop just yet.

If prices don't change, the Model Y Long Range will begin at $46,690 excluding options, just over $1,000 more than the top-line Hyundai Kona EV. The Model Y has a claimed 0-60 mph time of 4.8 seconds and a range of 315 miles. At around half the price of Tesla's original SUV, the Model X, it's expected to sell strongly - regardless of whether or not the price goes down.

u/Coby_Cruz/Reddit
u/Coby_Cruz/Reddit

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