Tesla increased the price of some Model Y versions for the first time in two years.
The entry-level trims are not affected by the recent bump.
The change makes the Hyundai Ioniq 5 and Ford Mustang Mach-E more appealing.
Tesla has increased the prices for the mid- and top-spec Model Y versions in the United States after two years. This past weekend, the Model Y Premium Rear-Wheel Drive and Model Y Premium All-Wheel Drive got $1,000 more expensive, while the sporty Model Y Performance’s price was bumped by $500.
Interestingly, the entry-level Model Y versions, which were previously known as the “Standard,” were unaffected by the price change. Now, the cheapest Tesla crossover starts from $41,630, while the mid-spec Model Y Premium RWD goes for $47,630, and the Model Y Performance costs $59,630.
