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Tesla Model Y 2023: electric SUV hit with price increase following significant discount


Both the rear-drive base model, and the as-yet unreleased range-topping Performance variant are now $400 more expensive

Tesla’s sole SUV that it sells in Australia was recently hit with a minor price increase of $400, bringing the entry-level Model Y Rear-Wheel Drive model to $69,300 before on-road costs. 

The same increase has hit the range-topping Model Y Performance, bringing it to $95,300 before on-road costs, where the quickest Model Y will sit as a Kia EV6 GT rival when it is released in Australia in the coming months.

Despite these minor price increases, the Model Y still remains a worthy rival for the likes of the Volvo XC40 Recharge (from $74K), Kia EV6 (from $72K), and the Hyundai Ioniq 5 (from $72K). 

Tesla Model Y 2023 performance blue rear end
The Model Y wears similar styling to the smaller Model 3

News of this price increase comes just one month after the Model Y received a sizable discount to the tune of $3400, meaning the new prices are still $3000 off their early 2023 peak. 

As for availability, Tesla states on its website that a Model Y ordered today will be delivered between April and June 2023. 

At $69,300 before on-road costs, the entry-level Model Y Rear-Wheel Drive gets a 57.5kWh (usable) battery that gives the SUV a WLTP-rated range of 455km. 

Tesla Model Y charging red 2022
The Model Y can charge at speeds up to 250kW with a DC charger

With 220kW/420Nm on offer from the single motor situated on the rear axle, it is able to hit 100km/h from a standing start in 6.9-seconds. 

The range-topping Model Y Performance makes use of a 75kWh (usable) battery that gives it a driving range of 514km, according to WLTP ratings. 

As the name suggests, it’s the faster of the two SUVs, with 393kW/660Nm and an all-wheel drive system on offer, allowing it to hit 100km/h in just 3.7-seconds.

Tesla Model Y 2023: prices in Australia

All prices listed are before on-road costs.

  • Rear-wheel drive: $69,300 (+400)
  • Performance: $95,300 (+400)