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Tesla Model Y bargains! Up to $8000 cut from electric SUV pricing in run-out sale as BYD Sealion 7, Xpeng G6 and Kia EV5 competitor awaits upgraded model

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Samuel Irvine
Cadet Journalist
22 Jan 2025
3 min read

Tesla is swinging the sales axe on its outgoing Model Y ahead of the updated model's release in May, offering discounts of up to $8000.

Final pricing and stock availability will depend on which state you live in, as well as the additional features you add to your Model Y. Tesla's before on-road costs pricing factors in delivery costs and order fees.

As a general rule in each state, though, at least $4000 has been wiped off the entry-level Rear-Wheel Drive’s starting price, $7000 off the mid-spec Long-Range All-Wheel Drive and $8000 off of the top-spec Performance.

If you live in Queensland, you can snag the cheapest deal of all at $53,700, before on-road costs, for a Rear-Wheel Drive. That equates to a drive-away price of $55,475.

That compares to $55,700, before on-road costs, for the cheapest option in Victoria, which gets a drive-away price of $59,544. It does add larger 20-inch Induction wheels, though.

As standard, the Rear-Wheel Drive variant comes with a 60kWh lithium-ion phosphate battery pack that delivers 445km of WLTP-rated driving range and a single rear axle-mounted electric motor that delivers 220kW of power.

Stepping up to the Long Range All-Wheel Drive version, this time it's South Australians who get the best deal. SA residents can snag a mid-spec Model Y for $64,300, before on-road costs, with a drive-away price of $68,171.

2023 Tesla Model Y Performance (Image: Tom White)
2023 Tesla Model Y Performance (Image: Tom White)

The same car will cost you $69,437 drive-away in Australia’s next cheapest state – Queensland.

In return, buyers get 533km of WLTP-rated driving range thanks to a larger 81kWh nickel-manganese-cobalt (NMC) battery pack. All-wheel drive is also standard thanks to an additional front axle-mounted electric motor.

The range-topping Model Y Performance is in far more limited numbers than the rest of the range, with only Victoria, Tasmania and South Australia showing available stock.

A blanket $80,400, before on-road costs, price tag exists across all three states, but the cheapest drive-away pricing is found in Tasmania at $84,673.

South Australia is priced at $84,915, while Victoria is the most expensive at $85,287.

The Performance carries the same 81kWh NMC battery pack as the Long Range, but delivers an extra 127kW/150Nm for a total output of 413kW/660Nm.

Its zero to 100km/h sprint time is clocked at a staggering 3.6 seconds, while its WLTP-rated range drops back to 514km.

All Model Ys will be covered by a four-year/limited kilometre warranty, while the battery and drive unit are covered by an eight-year/192,000km warranty.

2025 Tesla Model Y
2025 Tesla Model Y

Interested buyers should contact their nearest Tesla dealer quickly as the deal is only scheduled to run while stocks last.

The updated Model Y will arrive in Australia in May under a special ‘Launch Edition’ variant.

It gets a design refresh, additional technology and comfort features, as well as a steeper price tag of at least $7500 and $3500 over the current Rear-Wheel Drive and Long Range All-Wheel Drive variants, respectively.

Samuel Irvine
Cadet Journalist
Since visiting car shows at Melbourne Exhibition Centre with his Dad and older brother as a little boy, Samuel knew that his love of cars would be unwavering. But it wasn’t until embarking on a journalism masters degree two years ago that he saw cars as a legitimate career path. Now, Samuel is CarsGuide’s first Cadet Journalist. He comes to CarsGuide with an eagerness to report on a rapidly advancing automotive industry, and a passion to communicate the stories car buyers need to know most.
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