Tesla has no independent dealers to jack up its prices as inflation spikes and market demand shifts, so Tesla raises prices itself. Often. This month, Tesla boosted the price of its least expensive crossover model, the Model Y, two times in six days. For a bare-bones five-passenger Model Y in white, with the fancy wheel delete option checked and no Full Self Driving Capability, shoppers will now find a starting price of $64,440. That is more than twice the cost of a similarly-sized Honda CR-V Hybrid or Toyota RAV4 Hybrid. You could buy one of each for the cost of a base Model Y.
Our pricing, like the prices of any vehicle this author reports on, is inclusive of the Tesla destination fee and order fees. Be aware that Tesla advertises a lower cost with an asterisk on its ordering landing page. Tesla adds in imaginary fuel savings. These fuel savings are of course not in comparison to vehicles like the Ford Mustang Mach-E, Kia EV6, Hyundai Ioniq, Jaguar I-PACE, or the many other battery-electric crossovers one can order today.
So what does a new Tesla Model Y cost with all the fancy bits? We configured a red Model Y Performance with a tow hitch, the good wheels, and FSD. The total cost was $85,440.
If you are interested in owning a Model Y, order now for delivery within about three months. Tesla’s order portal predicts a June delivery for Model Y crossovers ordered today. You can order with a $250 non-refundable fee in just moments. Tesla models have relatively few options from which to choose.
If you do want a Model Y, we’d hurry. If Tesla keeps up its twice-weekly price increases, a Model Y ordered today will look like a great deal mid-summer.
Did you buy a Model Y back when the prices started around $40K? If so, tell us what you paid and when.
Model Y with surfboard image courtesy of Tesla, Inc.
John Goreham is a long-time New England Motor Press Association member and recovering engineer. John's interest in EVs goes back to 1990 when he designed the thermal control system for an EV battery as part of an academic team. After earning his mechanical engineering degree, John completed a marketing program at Northeastern University and worked with automotive component manufacturers, in the semiconductor industry, and in biotech. In addition to Torque News, John's work has appeared in print in dozens of American news outlets and he provides reviews to many vehicle shopping sites. You can follow John on TikTok @ToknCars, on Twitter, and view his credentials at Linkedin
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