"The newly introduced Model Y Standard trim level slashes the starting price of America's best-selling electric crossover to roughly $40,000, which is about $5,000 less than the next trim, now called Premium. It's an interesting move from Tesla, and it comes right after the cancellation of the $7,500 federal tax credit for new EVs. But it comes with several drawbacks. For the lower price tag, there's little in the way of niceties, with a smaller front trunk compared to the upper trims,"
"What's more, the Model Y is under increasing pressure from competing automakers. Thanks to a massive price drop, the 2026 Hyundai Ioniq 5 has no fewer than three trim levels that are more affordable than the Tesla Model Y Standard. The Chevrolet Equinox EV also undercuts the entry-level Model Y by more than $5,000, while the base Ford Mustang Mach-E is roughly the same price as Tesla's offering."
The Model Y Standard launches with a starting price near $40,000, roughly $5,000 cheaper than the next Premium trim. The base configuration sacrifices several comfort and tech items: a smaller front trunk, cloth seats, no lane-centering, no AM/FM radio, no adaptive headlights and no panoramic glass roof (the roof is glass but covered by a single-piece headliner to cut costs). The move follows the cancellation of the $7,500 federal EV tax credit. Rival models undercut the price: select Hyundai Ioniq 5 trims, the Chevrolet Equinox EV by over $5,000, and the Ford Mustang Mach-E at similar pricing, while range and feature differences vary.
Read at insideevs.com
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