The Tesla Model Y is an electric compact crossover SUV manufactured by Tesla, Inc., beginning in 2020. Unveiled in March 2019, it is Tesla's fifth production model. Notably, the Model Y is the best-selling electric vehicle globally, with over 2.16 million units sold worldwide, establishing its significant presence in the electric vehicle market.
Tesla launched attractive Model Y lease deals, solving a production mystery that affected stock performance. These deals aim to boost sales in May and attract consumers. The stock shows some fluctuation.
On June 5, 2020, Tesla launched the Model Y online design studio for the Chinese market, enabling customers in China to place orders for the upcoming made-in-China Model Y.
On January 1, 2021, Tesla started selling the Model Y in China and sold out its planned production for Q1 2021 within 6 days.
On January 18, 2021, the first delivery of the made-in-China Tesla Model Y was made.
In September 2025, the National Highway Traffic Safety Administration (NHTSA) launched a safety investigation into Model Y vehicles manufactured in 2021, due to concerns about door handles.
In June 2022, orders for the Model Y opened in Australia with the initial lineup consisting of the Rear-Wheel Drive (RWD) and Performance AWD imported from Gigafactory Shanghai.
In August 2022, deliveries of the Tesla Model Y commenced in Australia.
On January 12, 2023, Tesla announced a significant price reduction for the Model Y and Model 3, making the Model Y Long Range eligible for the federal tax credit of $7,500 under the Inflation Reduction Act.
On April 4, 2023, the Long Range AWD configuration was added to the Model Y lineup in Australia.
In October 2023, Tesla reintroduced the Standard Range RWD Model Y to the US market.
In 2023, the Tesla Model Y was the best-selling car worldwide.
In March 2024, Consumer Reports named the 2024 Model Y to its "Best Cars of the Year: 10 Top Picks of 2024" list, making it the only electric car on the list.
In May 2024, Tesla discontinued the Standard Range RWD Model Y and replaced it with a Long Range RWD model. It was revealed that 2023 and early 2024 Standard Range RWD models were the same as the new Long Range RWD model but had a software lock limiting the range to 260 miles. Owners might be able to pay a fee to unlock the full range.
In June 2024, the Jiangsu province government listed the Model Y as being eligible for purchase for government use, marking the first time a Tesla car entered China's official vehicle procurement catalog.
On July 15, 2025, Tesla launched the Model Y in India, with units being imported from China.
In September 2025, the National Highway Traffic Safety Administration opened a safety investigation into over 174,000 Tesla Model Y vehicles made in 2021 due to reports of door handles being unable to open after exiting the car, sometimes entrapping children.
In 2025, the Australian Luxury Car Tax (LCT) threshold for fuel-efficient vehicles was set at $91,387 for the 2025–26 financial year.
In 2026, the 2026 Model Y Performance was priced at $89,400 (before on-road costs) to stay below the Australian Luxury Car Tax (LCT) threshold for fuel-efficient vehicles.
Tesla has until January 1, 2027, to change the design of its hidden car handles on the Model Y if they want to continue selling cars in China, due to safety concerns. Other countries are investigating similar bans.
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