Tesla will start deliveries of a revamped version of its Model Y SUV within the U.S. in March, based on recent listings on the corporate’s website.
The Model Y Juniper has a price tag of $59,990, not including a federal tax credit of $7,500 for brand new electric vehicle purchases. It encompasses a redesigned fascia, front and rear light bars and an upgraded interior with ventilated seats, reclining second-row seats and faster Wi-Fi, the web site shows.
Tesla began taking orders for the brand new Model Y variant from customers in Canada and Europe on Thursday, and began sales in China about two weeks ago. CEO Elon Musk shared a video from the Tesla account on X Thursday night showing off the brand new Model Y.
Tesla is trying to revitalize its core automotive business, which faces increased competition across the globe. Executives are expected to debate Tesla’s fourth-quarter and year-end results on Wednesday after markets close.
Tesla’s last recent model, the angular steel Cybertruck, began rolling out to customers at the tip of 2023. While it became the best-selling electric truck within the U.S. last yr, sales didn’t make up for a decline in overall deliveries, which fell for the primary time in 2024.
Musk, who also runs SpaceX and owns social media site X, has been on the focal point in recent months due to his hefty financing of President Donald Trump’s 2024 campaign and his position within the newly elected president’s inner circle.
After his inauguration on Monday to start his second White House term, President Trump signed an executive order indicating he’ll likely repeal the federal electric vehicle tax credit, which was approved by Congress through the Biden administration as a part of the Inflation Reduction Act. Tesla has long benefited from the government-supported incentives, but ending the credits will likely have a more harmful impact on competitors within the EV market.
Prior to the discharge of the brand new Model Y variant, Musk’s political rhetoric, together with Tesla’s aging lineup, had led to a decline in the corporate’s repute based on research from Brand Finance.
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