Inventory Dump Ahead of Model Y Refresh Drives Tesla’s Surprise Price Cuts

Electric automaker Tesla has significantly reduced pricing on its popular Model Y crossover SUV in Germany and France, according to observations by Twitter user @troyteslike

The price cuts, which took effect on January 17th, 2024, lower the price of the Model Y by as much as €5,000 in Germany and €4,000 in France. This makes the long-range variant of the Model Y less expensive than the long-range Model 3 sedan in both markets for the first time.

In Germany, the rear-wheel drive Standard Range Model Y now starts at €42,990, down €1,900 or 4.2% from its previous MSRP. The all-wheel drive Long Range and high-performance Model Y Performance versions saw more drastic reductions of €5,000 (9.1%) and €5,000 (8.2%) respectively.

Similar discounts were introduced in France, with the Standard Range Model Y dropping €3,000 to €42,990, the Long Range decreasing €3,000 to €49,990, and the Performance trimmed by €4,000 to €55,990.

Our Thoughts

I suspect supply considerations are at play. Reports of Tesla aiming to launch an updated Model Y, codenamed Project Juniper, have circulated in recent months. I speculate that Tesla may be offering discounts to help clear out existing Model Y inventory before the new version arrives. This would allow for a smoother transition and prevent a glut of vehicles from piling up.

More Articles for You

Nissan’s Oli Rowland Crowned Formula E World Champion

In Berlin last weekend, Nissan Formula E Team’s Oliver Rowland crowned an incredible season by becoming the 2024/25 ABB FIA …

F1 To Celebrate 75th Anniversary At Laguna Seca

Last weekend, we saw dozens of Formula 1 cars of yesteryear and seven F1 world champions, including Mario Andretti, participate …

Hyundai Receives 2025 Merit Gold Award For Child Safety Program

Hyundai Motor America was recently recognized as a Gold Winner for the 2025 Merit Awards for Corporate Social Responsibility in …

Seven F1 World Champions Celebrate 75 Years Of F1 At Goodwood Festival

At this year’s Goodwood Festival of Speed, which ends today, no less than seven F1 world champions gathered to celebrate …

Here’s A Corvette E-Ray That Debuts At £153,440

No one can ignore the all-new E-Ray. The roar of innovation meets the heritage of horsepower as the 2025 Chevrolet …

MG Unveils Two New EVs At Goodwood Festival of Speed 

Established in 1924, MG is one of the world’s best-known automotive brands. Acquired by China’s SAIC Motor in 2007, the …