Tesla's More Affordable Standard Range Model Y is a Recipe for Success
【Summary】Electric automaker Tesla kicks off in the New Year by launching one of the most anticipated variants of its Model Y crossover. The Model Y has been on sale for almost a year now, but this is the first time that Tesla is offering a third-row 7-seat option for the electric crossover.

While 2020 was quite a challenging year, we can expect plenty of excitement from the electric vehicle segment in the New Year. Several high-profile electric vehicles are coming our way in 2021 and segment leader Tesla has decided to kick things off by launching one of the most anticipated variants of its Model Y crossover.
The Californian EV manufacturer recently launched the entry-level Standard Range variant of its Model Y crossover. Tesla has been selling the Model Y for almost a year now, but this is the first time that Tesla is offering a third-row 7-seat option for the electric crossover.
Prices for the Model Y Standard Range start at just $40,490, which further drops down to $34,190 for California residents after accounting for potential savings and gas incentives that now includes a new $1,500 clean fuel reward.
It's also worth noting that the Standard Range Model Y is only $1,490 more expensive than the $39,000 price tag Tesla originally announced back in 2019.
By reducing its starting price by $8,000, Tesla has made the Model Y more accessible to EV buyers. However, the more affordable Standard Range Model Y is only available in a rear-wheel-drive setup.
The new Model Y takes 5.3 seconds to accelerate from 0 to 60 mph and the top speed of the SUV is electronically limited to 135 mph.
For the first time, Tesla is offering a third row seat in the Model Y.
Per EPA estimates, the Standard Range can deliver 244 miles of range, not great but still respectable. Earlier last year, Tesla Chief Executive Elon Musk hinted that the company might not produce a Standard Range Model Y since its range would be "unacceptably low" by industry standards.
However with an estimated range of 244 miles the entry-level Model Y has surpassed Musk's original range estimate of 230 miles, but that still does not mean it will not reduce range anxiety amongst buyers.
It's expected that Tesla's competitively priced Model Y will perform exceptionally well in terms of sales. The Model Y remains a popular product in Tesla's current portfolio, as the demand for EVs and crossovers is at an all-time high.
With its net worth topping $800 billion, Tesla happens to be the world's most valuable automaker and its brand image is celebrated around the world, which may help to boost Model Y sales even further.
The savings become even more impressive when one considers that the dual-motor Long Range Model only offers 82 miles more than the standard Model Y.
Even with the challenges presented by the ongoing pandemic, Tesla claims that deliveries of Model Y Standard Range variants will begin within 2 to 5 weeks.
-
Ford's Lincoln Star Concept Offers a Glimpse into the Electric Future of the Luxury Brand
-
GM's New 'Plug And Charge' Feature Will Simplify the Charging Process For its Current & Future EVs
-
Volvo is Building a New EV Service and Training Facility at its U.S. Headquarters in New Jersey To Fast Track its Electrification Plans
-
Honda's New EV Friendly Retail Plans Hint at the End of Mega Dealerships
-
Volvo Cars and Epic Games to Partner on a High-Resolution 3D Digital Driver’s Display Powered by the Unreal Engine
-
Here's One Way Lucid Motors Made the Air Sedan More Spacious for Passengers
-
The 2023 Polestar 2: Delivery Updates, New Pricing, Color Options and New Tech
-
The Genesis X Speedium Coupe EV Concept Debuts in New York City
- The BMW 7-Series to Feature HD Live Maps From HERE Technologies for Hands-Free Highway Driving in North America at Speeds up to 80 MPH
- Mercedes-Benz is Offering a Performance Upgrade as a Yearly Subscription on its EQ Electric Vehicles
- Hyundai Unveils the IONIQ 6 ‘Electric Streamliner’, its Bold Sedan With a 380-Mile Range and 18-Minute Charging Time
- Rivian, Mercedes-Benz Partner to Produce Electric Commercial Vans
- New Premium Electric Vehicle Brand Zeekr Is Exploring IPO Options in the U.S. or Hong Kong, According to Sources
- EV Startup Fisker Announces ‘Fisker Finance’ a Digital Financing Platform for Purchasing the Electric Ocean SUV
- GM's Rebate of up to $6,000 on the Bolt EV and EUV Has a Big Stipulation
- Toyota’s Redesigned Prius May Get More Drivers Behind the Wheel of a Hybrid Vehicle
- Qualcomm and its Industry Partners Demonstrate C-V2X Technology in Georgia That Ensures School Buses and Fire Trucks Never Get Stuck at Red Lights
- Toyota and Stellantis to Partner on a Large Commercial Van for the European Market, Including an All-Electric Version