The New Tesla Model Y Is Imminent: Keep Your Eye On The Price

Feb 19, 2025

LOS ANGELES, CA - JANUARY 31: Jay Leno is seen driving the new Tesla Model Y while filming for Jay ... [+] Leno's Garage on January 31, 2025 in Los Angeles, California. (Photo by MEGA/GC Images)

The new Model Y is almost here. Lower-priced variants aren’t far behind. Keep your eye on the price.

Tesla executives talked about the new Model Y in two videos this past week and listed many of the new features in an X post. The new Y is available to order in the U.S. but is only offered – at the moment – as a high-priced launch edition. The feature-rich Launch edition, available in March, is priced at $52,490 with the $,7,500 federal tax credit and $59,990 without the credit. But Tesla changes its prices and lineups often. Sometimes so often that it’s hard to keep up.

The new Model Y base Dual-Motor and Rear-Wheel Drive versions will be considerably less expensive. Look no further than the “old” Model Y being sold on the Tesla inventory page that starts at about $37,500 with the federal tax credit. “We’re starting with the Launch edition. All the other variants…the Dual-Motor base edition, Rear-Wheel Drive, Performance, seven seater options…those will come later in the year,” said Lars Moravy, VP of vehicle engineering at Tesla, in an interview with Jay Leno posted this past week.

Expect versions mentioned by Moravy to become available priced way below the Launch edition. As a benchmark, pricing for the current (non-Juniper) RWD Model Y in the U.S. starts at $44,990 before federal tax credit and $37,490 with the credit (before taxes and fees). And $47,990 and $40,490, respectively, for the AWD Y.