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On July 25, 2021, CEO Elon Musk revealed that Tesla was planning to release an updated design for the Model Y by the end of 2021. In addition, Tesla planned to implement their new structural battery pack to improve range. These new cars would be manufactured by the two new Tesla production facilities in Austin, Texas and Berlin, Germany.
The U.S. Department of Energy compared a 2021 Tesla Model Y alongside a standard, non-EV and found that the Tesla cost $1,100 less per year due to fuel savings.
A $5,000 increase for the Model Y now puts it at $51,490 for its lowest price. This is the fourth time in 2021 that Tesla has increased prices for its cars, according to EV news site Electrek.
This then allowed many vehicles like some versions of the Tesla Model Y, Volkswagen ID.4, and Cadillac LYRIQ to use the higher $80,000 MSRP price cap for EV tax credit exclusion. Like clockwork ...
A larger model—Powerwall 2—went into mass production in early 2017 at Tesla's Giga Nevada factory, with a more capable model with an internal DC–to–AC inverter—Powerwall 3—entering production in late 2023. As of May 2021, Tesla had installed 200,000 Powerwalls.
The Tesla Model 3 listed as the top selling plug-in car in California for three years running, from 2018 to 2020, and also has been the best selling model the near luxury segment for four consecutive years, 2018 to 2021. [7] [9] [10] [11] Model 3 sales totaled 38,580 units, followed by the Tesla Model Y with 20,124, and the Chevrolet Bolt with ...