Tesla Unveils Affordable Model Y RWD, Now the Cheapest In The Lineup


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


EV giant Tesla Inc (NASDAQ:TSLA) has introduced a Model Y rear-wheel drive (RWD) in the United States in place of its previous all-wheel drive (AWD) version.

What Happened: The new vehicle is priced lower than the all-wheel drive version it has replaced by $3,750. The starting price of the vehicle is $43,990, making it the cheapest Model Y trim available.

The new vehicle has an EPA estimated range of 250 miles and can go from 6-60 mph in 6.6 seconds. Like the other versions of Model Y, it is also eligible for an EV tax credit of $7,500.

Why It Matters: Customers can now select from three available trims- the RWD, the Long Range and Performance. Long Range and Performance versions are priced higher at $50,490 and $54,490, respectively.

Tesla dropped Model Y AWD from its website in mid-September. The company did not offer an explanation for the decision.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read More: Elon Musk Disputes Reports Of Making $8.6M Every Hour: I ‘Lose’ Way More Every Time Tesla Stock Drops


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsTechelectric vehiclesEVsmobility