Tesla launched a new, more affordable Model Y All-Wheel-Drive configuration in the United States. The variant is priced at $41,990. It ranks as the second most-affordable Model Y, positioned just above the entry-level Rear-Wheel-Drive model.
The vehicle offers 294 miles of reported range. It boasts a 0-60 mph acceleration time of 4.6 seconds.
The introduction diversifies consumer options for the Model Y, the company's most popular vehicle. This strategic move follows CEO Elon Musk's confirmation that production of the higher-priced Model S and Model X would be discontinued. The company is focusing on expanding the market reach of its volume sellers.