What is the Model Y?
The 2021 Model Y SUV slots below the larger Model X in the company's lineup and shares much with the Model 3 sedan, including a similar design both inside and out.
For 2021, Tesla is expanding the Model Y lineup with a new Standard Range version. It's less expensive than the preexisting Long Range and Performance versions and comes with an estimated 244 miles of maximum range. That's notably less than the 326 miles of the Long Range. It also comes with rear-wheel drive instead of all-wheel drive. But the upside is that Tesla charges about $43,000 for the new Standard Range compared to about $51,000 for the Long Range.
Tesla is also now offering a seven-seat passenger option for the Model Y. The company announced this feature at the Model Y's debut but has not made it available until now. The two-passenger third-row seat can fold flat but reduces cargo capacity compared to the five-passenger Model Y.