Tesla has rolled out a more affordable variant of its refreshed 2025 Model Y called the Long Range Rear-Wheel Drive, priced at $37,490 with tax credits. This addition is a shift from the more expensive All-Wheel Drive option, previously starting at $48,990. The new model features design updates and an EPA range of 357 miles, surpassing its all-wheel counterpart. Despite this move to attract buyers, Tesla faces diminishing sales in Europe and rising competition from brands like BYD, highlighting a challenging market environment influenced by external factors, including political backlash against Elon Musk.
Tesla's introduction of the Long Range Rear-Wheel Drive Model Y at a lower price point demonstrates a strategic shift to expand its market amid rising competition.
The updated Model Y includes enhancements like a 15.4-inch touchscreen and an EPA-estimated range of 357 miles, appealing to budget-conscious consumers.
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