by Fred Lambert
August 26, 2021
The launch was surprising, considering CEO Elon Musk said that Tesla won’t produce that version of the Model Y because he said that the range would be “unacceptably low” at less than 250 miles (402 km). Tesla released the version of the vehicle with an EPA estimated range of 244 miles (393 km) and a starting price of $42,000.
According to the CEO, the reason for making it an “off-the-menu” option is because he believes “the range, in many drive conditions… meets the Tesla standard of excellence.” It’s not the first time that the automaker has done something like that. It also delivered on its promise of making a $35,000 Model 3 by making it an off-the-menu item.
Today, the automaker started deliveries of the new version. Tesla commented on the launch on Weibo (translated from Chinese): On August 26, the first Tesla Model Y Standard Range version was delivered in Beijing. At the delivery ceremony site, new car owners received the new car keys and the “owner’s passport” at the carefully decorated delivery ceremony site, and participated in the Tesla owner’s lecture hall.
In China, Tesla started selling the Model Y Standard Range for ¥276,000 or $42,500 USD, which is about the equivalent of what it was when it was listed in the US. It significantly reduces the base price of the Model Y in China and it’s low enough to get access to Chinese EV incentives.
The new version is expected to be extremely popular in the Chinese market. It could also be exported to other markets since Gigafactory Shanghai, where it’s being produced, has become Tesla’s new export hub.