Overview

• Initial pilot builds of the budget Model Y started in June at Tesla’s US factory as part of its push into more affordable EVs.
• The entry-level variant is expected to start at around US$35,000, roughly 20 percent below the current Model Y base price.
• Mass production is slated to begin in the second half of 2025, with US deliveries targeted before the federal EV tax credit expires.
• The new model leverages the existing Model 3/Y architecture in a stripped-down form with fewer features and budget materials.
• International rollout plans, including for Australia, have not been confirmed as Tesla concentrates on its domestic production ramp-up.