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Tesla Model Y 2023: pricing reduced by up to $3400 for Tesla’s midsize electric SUV


Tesla has cut down the cost of its Model Y midsize SUV in 2023, with the base rear-wheel-drive model now $3400 more affordable than before

Tesla Australia has cut the pricing of its midsize Model Y for 2023, with the model now up to $3400 cheaper than most recent 2022 prices. 

The Model Y in base rear-wheel-drive guise is now priced at $68,900 before on-road costs, while the top-of-the-range performance variant now costs $94,900 before on-road costs. 

That’s a price reduction of $3400 for the rear-wheel-drive variant and $1800 less for the much more expensive Performance variant. 

Tesla Model Y charging red 2022
The Tesla Model Y has been reduced by $3400 for the rear-drive variant

Pricing has actually reverted back to what the rear-drive variant was at launch, however Tesla increased the pricing by $3400 days after it went on sale. The Performance, meanwhile, is now slightly more expensive than its original launch price. 

The Tesla Model Y competes with the likes of the Volvo XC40 Recharge, Kia EV6 and the Hyundai Ioniq 5 in the growing EV space.

If you happen to order a Tesla Model Y today, Tesla estimates that delivery of your vehicle will take place between February and May 2023, however this is subject to change. 

Tesla Model Y 2022 charging
The Model Y is available in either rear-drive or all-wheel drive Performance guise

What standard specification do you receive with a Model Y?

The Tesla Model Y comes standard with 19-inch alloy wheels, a 15-inch central touchscreen, wireless phone charging, an automatic tailgate, standard Tesla Autopilot, autonomous emergency braking and blind-spot warning. 

Several options are available for the Model Y, including larger 20-inch alloy wheels and full self-driving capability, with the latter having a significant $10,100 sticker price. 

Tesla Model Y 2022 midnight silver side profile
We had a rear-drive Model Y on test at Chasing Cars

A mid-tier Enhanced Autopilot that includes auto lane change, auto park and vehicle summon features is also available for $5100. 

What about performance and battery range?

The standard rear-wheel-drive variant of the Model Y is claimed to achieve a 0-100km/h time of 6.9 seconds and has a claimed range of 455km (WLTP). During our garage review, this version achieved a 7.15sec acceleration time and 375km of real-world, mixed-driving range. 

Tesla Model Y 2022 blue
Chasing Cars managed 375km of range with the rear-drive Model Y in 2022

The flagship Performance variant is capable of a much faster 0-100km/h time – 3.7 seconds – thanks to a dual motor all-wheel drive system. This variant also has a long range battery pack, pushing out the claimed driving range to 514km (WLTP). 

Tesla also states that the Performance variant can hit a 250km/h top speed despite weighing nearly 2000kg. 

Tesla Model Y 2023: prices in Australia

All prices listed are before on-road costs.

  • Rear-wheel drive: $68,900 (-$3400)
  • Performance: $94,900 (-$1800)