Tesla’s Latest Changes to Model Y Lineup: Lower Prices, Improved Range and a Significant Price Gap with Model 3

Tesla has recently made changes to its Model Y lineup, including dropping the Rear-Wheel Drive variant and introducing the Long Range RWD variant. The EV giant reduced the price of the Model Y RWD by $2,000 to $42,990, which was its lowest list price ever. The Long Range RWD will now start at $44,990.

The Model Y LR RWD offers a range of 320 miles, an improvement from the RWD’s 260 miles for an additional $2,000. The Model Y LR All-Wheel Drive has a range of 310 miles but offers faster acceleration, starting at $47,990. Elon Musk announced on social media that recent RWD Model Y vehicles have extra range that can be unlocked for $1,500-$2,000.

Tesla’s decision to remove the Rear-Wheel Drive variant and introduce the Long Range RWD is significant as it makes the Model Y LR RWD significantly cheaper than the Model 3 which starts at $38,990 for RWD and $47,740 for AWD. However, Tesla’s strategy and long-term growth prospects remain uncertain after Elon Musk made changes within the company such as axing the Supercharger and new vehicles teams.

Despite this uncertainty in Tesla’s business plans and future prospects