Tesla reduced the price of the Model Y on its website, indicating that the discount will only be available for the remainder of this month.
As of Saturday, Tesla posted a new message on the Model Y System componentNoting that the Model Y RWD and Long Range AWD models will be cut off until the end of February. Interestingly, the automaker also wrote that “prices will rise by $1,000 or more” starting the first day of next month.
“Pricing Update – Prices for the new Model Y RWD and Long Range AWD have been reduced for deliveries now through February 29th,” Tesla wrote in the Model Y component. “Prices will increase by $1,000 or more on March 1st.”
The price cuts represent a $1,000 reduction for both the Model Y RWD and Long Range, although the price shift does not apply to the Model Y Performance.
At the time of writing, the Tesla Model Y RWD starts at $42,990 before incentives, while the Model Y Long Range starts at $47,990. The Model Y is currently the only order builder that displays the “Update Prices” message.
US buyers can also get a $7,500 federal tax credit, and unlike years past, the money becomes available immediately upon purchase. Depending on where the buyer lives, he or she may also be able to obtain additional tax breaks, which could result in the purchase price being significantly lower.
Tesla has recently cut prices in other markets, and the automaker has rolled out a range of incentives in North America in the past few weeks. Earlier this month, Tesla launched three notable perks for buyers who make a purchase by the end of the first quarter, including free transportation for both the Full Self-Driving (FSD) beta and free SuperCharging for life, as well as a $1,000 discount. On new cars. – Purchasing vehicles for the first Cybertruck reservation holders.
While Tesla often pays out quarter-end and year-end incentives to help boost sales, some have noted that this is the first time the automaker has made such a move in the middle of a quarter:
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