Cheaper variant of Tesla Model Y SUV launched

The new standard range Model Y is priced at $41,990, only $4,000 more than the entry level Model 3. Tesla Inc launched a cheaper variant of the Model Y, bringing its sports utility vehicle's price closer to that of its Model 3 sedan, the electric-car maker's least expensive car.
By : Reuters
| Updated on: 08 Jan 2021, 20:07 PM
The new standard range Model Y is priced at $41,990.
The new standard range Model Y is priced at $41,990.
The new standard range Model Y is priced at $41,990.
The new standard range Model Y is priced at $41,990.

Tesla Inc launched a cheaper variant of the Model Y, bringing its sports utility vehicle's price closer to that of its Model 3 sedan, the electric-car maker's least expensive car.

The new standard range Model Y is priced at $41,990, only $4,000 more than the entry level Model 3, according to the company's website.

(Also Read: Tesla prolongs delivery time of China-made Model Y, signals strong demand)

Similar Cars

Find More Cars
Tesla Model S (HT Auto photo)
UPCOMING
Tesla Model S
Electric | Automatic
₹70 - 1 Cr* *Expected Price
Tesla Model 3 (HT Auto photo)
UPCOMING
Tesla Model 3
Electric | Automatic
₹70 - 90 Lakhs* *Expected Price
Mercedes-benz V-class (HT Auto photo)
Mercedes-benz V-class
1950 cc | Diesel | Automatic (Torque Converter) | 16.67 kmpl
₹71.1 Lakhs - 1.46 Cr* *Ex-showroom price
Mercedes-benz E-class-all-terrain (HT Auto photo)
Mercedes-benz E-class-all-terrain
1950 cc | Diesel | Automatic | 12.06 kmpl
₹75 - 77.25 Lakhs**Ex-showroom price
Bmw X5 (HT Auto photo)
Bmw X5
2993 cc | Diesel | Automatic (Torque Converter) | 13.38 kmpl
₹75.5 - 90.9 Lakhs**Ex-showroom price

Shares of the carmaker, which have surged more than 700% in 2020, were up nearly 5% at $853.89 in trading before the bell on Friday.

Tesla's stratospheric rally has helped Chief Executive Officer Elon Musk surpass Amazon.com Inc's top boss Jeff Bezos to become the world's richest man, Bloomberg News reported on Thursday.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Shares in the company jumped nearly 8% to end Thursday's session at $816.04, putting its market capitalization at $774 billion and making it Wall Street's fifth-most-valuable company, just behind Google-parent Alphabet Inc and ahead of social media giant Facebook Inc.

(Also Read: Battle of 'techtonic' proportions: Apple hires ex Tesla employees for its car)

Tesla's new Model Y variants come days after the carmaker beat Wall Street targets for 2020 vehicle deliveries, driven by a steady rise in electric vehicle adoption, but narrowly missed its ambitious full-year target of half a million deliveries.

First Published Date: 08 Jan 2021, 20:07 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city