
The price comes in as $4,000 more than the base Model 3.
2021 holds plenty of surprises, as Tesla has just introduced a new Standard Range model for the Model Y. It becomes the most affordable model in the lineup with a starting price of $43,190 including destination and has a range of 244 miles. Through the power of Tesla software updates, the Standard Range might see a boost that gets it over 250 miles, but even still, a range of 244 miles is more than enough for most people's daily commutes.
As of writing the 7 seat version is only available with the newly launched Standard Range RWD and the Dual Motor all-wheel-drive versions of the Model Y.
Gary Gastelu is FoxNews.com's Automotive Editor covering the auto industry and racing. This is because CEO Elon Musk previously said in a Tweet that Tesla wouldn't be making a Model Y Standard Range since it would have an "unacceptably low" range of fewer than 250 miles.
Tesla, which sold 11,826 cars in South Korea a year ago, is predicted to increase the volume by lowering the prices of its products.
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The automaker also added a 7-seat option for the Model Y, which comes at a $3,000 premium.
Rival carmakers, who often arrived late in the electric auto boom, are working on battery-powered models of their own.
According to Tesla's website, Tesla's third-row seating option is an additional $3,000 upgrade as potential customers proceed to the online shop of the clean energy company. In addition to finally being able to order the most affordable Model Y, Tesla has also given us the much anticipated seven-person seating option.
Just as expected by the EV community, the Model Y's seven-seat interior will not be extremely cramped. Tesla is yet to release any photos of the seven-seat options, but it likely that little trunk space will remain with the third row in place.
Tesla says the Standard Range variant will do 0-to-60 miles per hour in 5.3 seconds versus 4.8 seconds for the Long Range and 3.5 seconds for the Performance versions.