The new Tesla Model Y Performance is already available
Tesla has officially launched sales of the top version of its Model Y Performance electric crossover in the USA. This model is now available in the online configurator with a starting price of $57,490.
Key model characteristics
Lease and financing terms
For those who prefer leasing, Tesla offers special terms: a down payment from $4,300 and a monthly payment of $635 over 36 months with a mileage limit of 10,000 miles per year. When choosing a shorter 24-month lease term, the monthly payment increases to $745. The down payment amount can be reduced to $1,427 depending on the terms of the deal.
The company also increased leasing prices after the cancellation of government tax incentives for electric vehicles.
Comparison with other models
The Model Y Performance significantly surpasses the characteristics of the base Long Range All-Wheel Drive model priced at $48,990, which accelerates to 60 mph in 4.6 seconds, has a top speed of 125 mph, and a range of 327 miles. The price difference between the models is $8,500, making the choice in favor of the Performance version justified for enthusiasts of high dynamic characteristics.
Limited choice of options
Tesla offers a minimal selection of additional options for the Model Y Performance. Buyers can choose one of six body colors at no extra cost, and the standard 21-inch Arachnid 2.0 wheels have no alternatives. The only expensive option is the “Full Self-Driving” package for $8,000; accessories such as a roof rack and an inflatable mattress are also available.
Competitive advantages and market positioning
Priced at $57,500, the Model Y Performance is significantly cheaper than the Hyundai Ioniq 5N ($66,200) but more expensive than the Ford Mustang Mach-E GT ($54,495). At the same time, the Korean competitor has a significantly smaller range – only 221 miles, while the American one is inferior in dynamics (acceleration to 60 mph in 3.8 seconds) and has a range of 280 miles.
Impact of legislative changes
The cancellation of the federal $7,500 tax credit for electric vehicles at the end of September significantly impacted Tesla’s affordability. Although individual states, such as Colorado, continue to offer their own incentive programs, the absence of federal support has made leasing and purchasing electric vehicles more expensive for consumers.
The increase in leasing prices has affected the entire Tesla lineup – the Model Y RWD and AWD now cost $529-599 per month instead of the previous $479-529, and the Model 3 – $429-759 instead of $349-699. These changes reflect the general trend of electric vehicles becoming more expensive in the American market under the conditions of changing state policy regarding support for electric transport.