The Tesla Model Y Just Got a Huge Price Cut

With the Launch Series dead, Tesla's most popular car is now $11,000 cheaper.

Tesla Model Y (2025)

Photo by: Tesla

Brian Silvestro

By: Brian Silvestro

Apr 9, 2025 at 10:30am ET

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Tesla's most popular vehicle just got way cheaper. The electric carmaker discontinued the Model Y Launch Series trim last week, leaving a new Long Range All-Wheel Drive variant as the only available model. Starting at $50,380 including destination, it's $11,000 cheaper than its predecessor. But it's also missing a few features.

Full Self-Driving, a feature that was included on the Launch Series, is available as an $8,000 option on the Long Range All-Wheel Drive car. Buyers can front an extra $1,000 for a tow hitch, capable of towing up to 3,500 pounds. And if you want a color other than black, prepare to drop an extra $1,000 to $2,000, depending on the shade.

There are two wheel choices available. The base 19-inch crossflow wheels come with all-season tires, with Tesla promising 327 miles of EPA-estimated range. Opt for the 20-inch wheels, and estimated range drops to 303 miles.

Tesla Model Y 2025

Photo by: Tesla

As our colleagues at InsideEVs point out, Tesla quotes a 4.6-second 0-60 time for the Long Range All-Wheel Drive Model Y. That's half a second slower than the Launch Series trim. The company doesn't specify whether the new model has less power or torque, or whether it's acceleration-limited due to software changes.

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Buyers will be pleased to hear the Model Y still qualifies for America's $7,500 federal tax credit, effectively slashing its starting MSRP to $42,880 for those who qualify.

It's possible prices could drop further. The Model Y was once the best-selling vehicle on the planet, but a sales slump at Tesla, due in part to CEO Elon Musk's polarizing political moves, has its stock price spiraling. In the past, Tesla slashed prices to increase volume, much to the disdain of current owners, who saw the values of their cars plummet. We wouldn't put it past the company to pull a move like that again.