2024 Tesla Model Y Receives Price Adjustment and Update in Australia

Tesla has announced adjustments to the pricing of its 2024 Model Y in Australia, with reductions up to $8,500, alongside the introduction of the model's updated version that includes minor aesthetic changes and additional colour options.

The entry-level price has been set to $63,900 before on-road costs, showing a reduction of $1,500 for the base model, with the Long Range and Performance models experiencing price cuts of $5,500 and $8,500, respectively.

Following its initial reveal in China in October 2023, the updated Model Y has made its way to Australia.

However, it's noted that several updates presented in China, including enhanced base model acceleration, increased driving ranges, and interior design revisions, are not part of the Australian market release.

There is anticipation for a more comprehensive update to the Model Y, expected either later this year or in 2024.

This update is presumed to include significant modifications similar to those seen in the Model 3 sedan in 2023, affecting the vehicle’s exterior, interior, and suspension systems.

The modifications for the Australian market are limited to aesthetic updates, including new finishes for the standard 19-inch 'Gemini' wheels and the introduction of three new paint colours: stealth grey, quicksilver, and ultra red.

These colours, which incur additional costs, replace previous colour options, with pearl white remaining as the only standard colour.

Notably absent in the Australian version of the Model Y are several features and enhancements available in other markets, such as quicker acceleration times for the RWD model, longer driving ranges, and specific interior upgrades.

The Model Y in Australia retains its previous specifications for the base model, featuring a 194kW/340Nm electric motor (with some sources citing 220kW) and an estimated 60kWh battery pack.

The higher-tier Long Range and Performance models are equipped with approximately 82kWh batteries and dual motors, offering increased power outputs and performance capabilities.

Standard features across the Model Y range include a 15-inch touchscreen, synthetic leather upholstery, heated and power-adjustable front seats, 19-inch wheels, a tinted glass roof, adaptive cruise control, and lane-centering assist.

The 2024 Model Y is currently available for order in Australia, with expected delivery by June.

2024 Tesla Model Y Price Comparison

• 2024 Tesla Model Y Rear-Wheel Drive: $63,900 (down $1500, from last year's $68,900, a decrease of $5,000)
• 2024 Tesla Model Y Long Range AWD: $72,900 (down $5500, from last year's $81,900, a decrease of $9,000)
• 2024 Tesla Model Y Performance AWD: $82,900 (down $8500, from last year's $94,900 excluding LCT, a decrease of $12,000)

Note: All prices above exclude on-road costs. The previous year's prices for the Model Y Performance AWD include a comparison both including and excluding the Luxury Car Tax (LCT) to provide a clear understanding of the price adjustment.

2024 Tesla Model Y Features by Grade

2024 Tesla Model Y Rear-Wheel Drive Standard Features:

• 19-inch 'Gemini' alloy wheels with black inserts
• 15-inch touchscreen with Bluetooth, Google Maps navigation, multiple driver profiles, and app-integration
• Power-adjustable front seats
• Heated front and rear seats
• Heated steering wheel
• Synthetic leather-look seat upholstery in black or white
• Tinted glass roof with ultraviolet and infrared protection
• Power-folding, auto-dimming, heated side mirrors
• Wireless phone charging for two smartphones
• Four USB-C ports
• 13-speaker sound system with subwoofer and two amplifiers
• Autonomous emergency braking
• Autopilot semi-autonomous driving system (adaptive cruise control and lane-keep assist)
• Blind-spot cameras

2024 Tesla Model Y Long Range Adds Over Rear-Wheel Drive:

• LED front fog lights

2024 Tesla Model Y Performance Adds Over Long Range:

• 21-inch 'Uberturbine' wheels
• Performance brakes
• Lowered suspension
• Aluminium alloy pedals