by Chris Chilton
- Tesla’s Model Y Performance is now live on the configurator, priced at $57,490.
- The all-wheel drive hero model has a 308-mile range and a 155 mph top speed.
- Company has also increased lease prices following govt’s axing of EV tax credits.
Tesla’s facelift of the Model Y SUV hasn’t proved enough to halt a decline in sales, but from this week, there’s a fresh reason to give the automaker’s showrooms some of your time. The range-topping Model Y Performance is officially on sale in the US, and at just $57,490, it looks like a seriously good value for what it puts on the table.
If you’d rather lease the flagship Model Y Performance, Tesla’s current terms start with a $4,300 down payment and $635 per month for 36 months with a 10,000-mile annual limit. Opting for a shorter 24-month lease bumps the payment to $745 per month. The down payment is flexible, however, and can drop as low as $1,427 depending on how you structure the deal.
Related: Tesla’s Budget Model Y Is So Stripped Down It’s Begging For Tips
For that money, you get a bi-motor, all-wheel drive, five-seat SUV that can explode from zero to 60 mph (97 kmh) in just 3.3 seconds, tops out at 155 mph (250 kmh), and has a 308-mile (496 km) range. That compares with 4.6 seconds, 125 mph (201 kmh), and 327 miles (526 km) for the next Model Y down, the $48,990 Long Range All-Wheel Drive.
If you don’t care about the more explosive performance and a selection of other goodies like the body-hugging front sport seats and the improved suspension with adaptive damping that promises to offer a better handling and ride, you’re better off pocketing the $8,500 difference and opting for the Long Range AWD instead.
Options? What Options
Tesla doesn’t offer many options for the Performance, giving buyers the choice of six colors at no extra cost and no alternative wheel selections other than the standard 21-inch Arachnid 2.0 rims. The only really pricey available add-on is the over-promising Full Self-Driving package for $8,000, though buyers can inflate their bill with stuff like a roof rack and air mattress.
We already knew some of the Performance tech details, plus how much it cost in Europe, but until now, US prices remained an unknown quantity. At $57.5k, the Performance massively undercuts Hyundai’s Ioniq 5N, which costs $66,200, but not Ford’s Mustang Mach-E in GT trim. One of those is only $54,495, but it is also half a second slower to 60 mph and has a poor 280-mile range. Then again, the 5N, which does match the Y against the clock, is rated at a pathetic 221 miles (356 km).
Though various states, such as Colorado, offer EV incentives that can bring the price of a Performance lower, the federal EV tax credit program finished at the end of September, having been axed by President Trump. That means no opportunity for a chunky $7,500 discount. And it also means leasing a Tesla just got more expensive.
Lease Prices Jump
Although Tesla so far hasn’t changed the MSRPs of its other cars, it did raise leasing prices when the tax credit availability expired, Reuters reports. Lease deals for the Model Y RWD and AWD jumped from a range of $479-$529 to $529-$599 a month. Meanwhile, Model 3 lease prices, including the Performance, jumped from a range of $349 to $699 to $429 to $759 per month.