In an unexpected move, Tesla has discreetly removed its Texas-built, entry-level Model Y variant from its official website. This adjustment has resulted in an increase in the base price of a new Model Y, now starting at a minimum of $52,130, up from the previous $49,130. Industry experts speculate that this strategic pricing shift may be part of a broader plan to expedite the production of Tesla’s highly anticipated Cybertruck.
The alteration was first noticed by Teslarati, and while it may appear as a minor pricing adjustment, it is unlikely to ruffle many feathers among potential buyers. The new base model for the Model Y is now the Long Range version, boasting an EPA-estimated range of 330 miles (531 km), a significant improvement over the previous base model’s 279 miles (449 km) range. Additionally, the Long Range variant offers enhanced performance and still qualifies for a $7,500 tax credit, further sweetening the deal.
See also: Tesla Slashes Prices of Model X and Model S in China Following Substantial Discounts
Tesla’s lack of a dedicated PR team in the United States leaves the exact reasons for this Model Y lineup change shrouded in mystery. However, it is abundantly clear from sales records that the Model Y enjoys immense popularity, ranking second only to the Ford F-150 in terms of registrations during the first part of 2023.
Earlier this year, Tesla publicly disclosed that it was ramping up production at Giga Texas, manufacturing a remarkable 5,000 Model Y units each week. The decision to scale down Model Y production suggests that valuable resources and assets may become available for other projects. Notably, there is strong speculation that Tesla intends to divert these resources toward expediting Cybertruck production.
Giga Texas has long been earmarked as the production hub for the eagerly anticipated Cybertruck. Moreover, the plant is known to manufacture the 4680 cells, which were initially employed in the Model Y AWD and are slated for use in the upcoming Cybertruck. These developments strongly hint that Tesla is working diligently to bring a production-ready Cybertruck to the market, potentially ahead of schedule, and possibly before the end of the year.
