The prior generation of Model Y in inventory is selling out as Tesla winds down production and engages in heavy discounting.
Two of the three versions of the legacy Model Y listed on the inventory page have all but disappeared. As of last week, Long-Range Rear-Wheel Drive and Long-Range All-Wheel Drive versions were available on the inventory site but are now hard to find. And the remaining Performance AWD is seeing very heavy discounting. Tesla is shifting production to the New “Juniper” Model Y as more begin to arrive at Tesla stores.
The Performance AWD Model Y boasts quicker acceleration, achieving 0-60 mph in approximately 3.5 seconds versus 4.6-4.8 seconds for the Long Range AWD. What the Performance version gains in acceleration it loses in range, though. The Performance has 277 miles of range versus 311 miles on the Long-Range All-Wheel Drive.
Prior-Generation Performance AWD Model Y Inventory Price Slashed Up To $8,400
Many prior-generation Model Y Performance AWD on the inventory page are discounted between $7,000 and $8,000. Some are demo vehicles with very low mileage, some are new. The discounts are designated as “price adjustment.” As of Saturday March 22:
- A Pearl White Performance All-Wheel Drive Model Y is discounted $7,870, bringing the price down to $44,620. With the federal tax credit that drops to $37,120.
- A Stealth Gray Performance All-Wheel Drive Model Y is discounted $8,400, bringing the price down to $$44,090. With the federal tax credit that drops to $36,590.
- An Ultra Red Performance All-Wheel Drive Model Y is discounted $8,020, bringing the price down to $45,470. With the federal tax credit that drops to $37,970.
- A Quicksilver Performance All-Wheel Drive Model Y is discounted $8,720, bringing the price down to $45,770. With the federal tax credit that drops to $38,270.
All of the above come with 21-inch Uberturbine Wheels and have 277 miles of EPA estimated range, the latter is standard on the Performance AWD. The above can also be leased at very competitive rates, often well below $500/month. (Note that the above examples were live Saturday. But some get sold or leased, which are then removed from the inventory page.)
While the price cuts are meant to move remaining legacy Model Y inventory, deals like the above can have a downstream effect on used pricing. “Tesla continues to be a competitive player in the EV market, particularly with Model 3 and Y pricing and lease deals,” said Kevin Roberts, Director of Economic and Market Intelligence at CarGurus, in an email. “The cuts on new vehicle prices for competitiveness have softened used vehicle prices, which may make moving onto a new vehicle more challenging,” he added.