Tesla is increasing the price of Model Y Dual Motor AWD by $500

Less than two weeks after rolling out a series of aggressive price cuts across the entire S3XY line, Tesla has initiated a small $500 price increase for the Model Y Dual Motor AWD. With its recent price adjustment, the Model Y Dual Motor AWD now starts at $53,490.00

Also with that $500 on top of the starting price, the Model Y Dual Motor AWD is still far more affordable than last year. Prior to Tesla’s big price cuts earlier this month, which reduced the crossover SUV’s pre-incentive cost by $13,000 to $52,990, the variant was listed on the company’s official website as priced at $65,990.

At $53,490, the Tesla Model Y Dual Motor AWD is still worth it qualifies for the $7,500 EV incentive of the Inflation Reduction Act (IRA). With the IRA’s incentive, the Model Y Dual Motor AWD could essentially be purchased for $45,990. That’s higher compared to its price immediately following this month’s price cuts, but not by much

The recent price increase for the Model Y would likely result in many orders for the vehicle, especially if consumers rush to pick up the all-electric crossover while it still qualifies IRA’s $55,000 cap on “all other” vehicles. Acquiring the vehicle for $53,490 is a way for buyers to get their hands on the Model Y at a very affordable price

Interestingly, the Model Y’s starting price of $53,490 might also discourage consumers from opting for more options like red multi-layer paint or 20-inch induction wheels. These two upgrades are worth $2,000, which would take the vehicle’s price above the IRA’s $55,000 limit.

The Tesla Model Y has been one of the best-selling vehicles in the United States for the past year, with a much higher price point. With its more affordable cost, the all-electric crossover could very well sell significantly more units this year, while also diverting consumers away from otherwise legitimate options on the market

The Wall Street JournalHe recently shared such a story, citing the experience of 32-year-old California psychotherapist Stanly Tran, who was on a waiting list for a Ford Mustang Mach-E. While Tran was set on the Mach-E, he just couldn’t ignore the Model Y’s lower prices. The psychotherapist eventually canceled his Mach-E order and instead opted for a Model Y, which already offers more range from the start

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Tesla is increasing the price of Model Y Dual Motor AWD by $500


Hey, I am Sakib Hossain Sojib, an entrepreneur known as an SEO Specialist, Digital Marketer, Blogger, and Content Creator. I have a team of researchers who guide and review products for our audience to help them by providing valuable information to help our audience makes the best decisions for their needs. I love to take care of my cars. So, I like and enjoy car maintenance and automotive research. The provided content is based on my learning, research, and understanding of the topic and its concept. Our extensive experience in the industry allows us to offer unique insights and perspectives on the latest trends and products. We aim to educate and empower our readers by providing them with the knowledge they need to make informed decisions about their needs.

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