Tesla also dropped the price of the Performance model with the Performance package (now standard) to just below $60,000. In its place will be a Long Range RWD variant that Musk states will have a range that's significantly higher than 300 miles per charge.
Tesla dropped the price of the Model Y small crossover on Saturday just months after the electric auto went on sale.More news: Devolverland Expo Is A Free Game About Cancelled Conventions
More affordable Model Ys are coming.
The Model Y was launched based on Model 3 configurations.
Not every price was lowered for the Model Y. Tesla's driver-assistance system, Autopilot, increased from $7,000 to $8,000. In late May, prices of the Model S and Model X Long Range Plus both fell by $5,000 from $79,990 down to $74,990 respectively.More news: Harvey Price is in 'stable condition' but remains in ICU
In April, Tesla had said the Model Y was already profitable, marking the first time in the company's 17-year history that one of its new vehicles turned a profit in its first quarter. Such a range is more than what's needed for everyday use, and thanks to Tesla's Supercharger Network, which recently celebrated the buildout of its 2000th station worldwide, even a 230-mile Model Y would be capable of going on long trips without inconveniencing its passengers.
Despite the Covid-19 coronavirus restrictions, Tesla managed to deliver 90,650 cars in the second quarter of 2020, a figure that beat expectations and as a result helped catapult the company's share price.More news: Betsy DeVos vows students will return to classes this fall