Tesla Rolls Out Upgraded Model Y in U.S., Canada, and Europe

Image Credit: Reuters

Elon Musk's Tesla introduced a new, higher-priced version of its popular Model Y in the U.S., Canada, and Europe on Thursday, following its initial release in China. 

The updated Model Y, a long-range all-wheel-drive variant, is priced at $59,990 in the U.S., which is 25% more expensive than the previous version, priced at $47,990. This new variant includes the optional supervised full self-driving software, previously available for an additional $8,000 on earlier Model Y versions.

Deliveries of the new Model Y are expected to begin in March.

With this launch, Tesla now offers four versions of the Model Y in the U.S., with the new variant priced the highest, surpassing even the performance version.

The new model features redesigned exteriors, upgraded interior features, and a slightly extended range of 320 miles (515 km), according to Tesla.

The Model Y, which was first introduced in 2020, became the world's best-selling car in 2023. However, it faced a dip in sales momentum last year due to increasing competition from Chinese rivals, while demand for electric vehicles weakened in some markets.

 

 

 

 

Paraphrasing text from "Reuters" all rights reserved by the original author.