Tesla now offering rear-wheel drive Model Y for cheapest price ever

Published on Oct 03, 2023 at 4:27 PM (UTC+4)
by Andie Reeves

Last updated on Oct 04, 2023 at 11:16 AM (UTC+4)
Edited by Kate Bain

Tesla now offering rear-wheel drive Model Y for cheapest price ever

Tesla has released its most affordable vehicle yet.

The company quietly added a new option to the Model Y page on its site.

This Model Y is currently one of the best-selling cars in the world, and now it’s available as a rear-wheel drive that’s surprisingly affordable.

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The Model Y RWD costs $43,990 but comes with a significant tax credit.

After the full credit of $7,500, customers will pay as low as $36,490 for the vehicle.

In a surprise move, the all-wheel drive Model Y was discontinued last month.

This RWD model serves as its replacement.

But because it has one fewer motor it works out to be a $3,750 cheaper alternative.

There are multiple reasons for this lower price.

One is the speculated use of Tesla’s cheaper lithium iron phosphate (LFP) battery.

These batteries cost less to make and are more durable than nickel-manganese-cobalt cells.

This model also can’t get the 7-seat configuration which is available with other Model Ys.

Otherwise, there are no visible differences.

It has a range of 260 miles while the AWD could go for 279 miles on a single charge.

The RWD car can go 0-60 in 6.6 seconds, which is 1.6 seconds faster than the Model Y AWD.

Customers are being encouraged to grab their Model Ys at this price, which is the cheapest the car has ever been in the US.

By the end of 2023, buyers may not have access to such a generous tax credit.

Buyers are also still required to pay extra if they want their cars to have Enhanced Auto-Pilot and Full Self-Driving.

But even so, this Model Y is a great deal.

It was recently revealed that Tesla has not met its delivery expectations this year.

Perhaps this affordable model was a last-ditch effort to turn sales around.

# Tags - Cars, EV


Andie Reeves

Andie is a content writer from South Africa with a background in broadcasting and journalism. Starting her career in the glossy pages of Cosmopolitan and Marie Claire, Andie has a broad portfolio, covering everything from sustainability solutions to celebrity car collections. When not at her laptop Andie can be found sewing, recording her podcast, taking board games too seriously or road-tripping in her bright green Kia.