2024 Tesla Model Y Performance price drop: Cost-of-entry down for Ford Mustang Mach-e, Hyundai Ioniq 5 and Kia EV6 electric car competitor

The Model Y Performance is claimed to accelerate from 0-100km/h in just 3.7 seconds.

In line with Tesla’s global ‘floating price strategy’, cost-of-entry for the Performance version of the brand’s Model Y mid-size SUV has been reduced.

Previously $92,560, the rapid five-seater‘s price has fallen 1.3 per cent to $91,400, before on-road costs, which translates to $99,337 drive-away.

Facilitated by Tesla's no-dealer delivery model, the floating price approach is broadly linked to variables including the cost of production, currency fluctuations and the average price of competitors in each Tesla model’s market segment.

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It means the brand’s prices are adjusted regularly, often several times a year.

Riding on 21-inch ‘Uberturbine’ alloy rims the twin-motor AWD is also distinguished by a lowered suspension set-up, performance brake package and rear carbon-fibre spoiler.

Producing a solid 366kW, the Model Y Performance is claimed to accelerate from 0-100km/h in just 3.7 seconds while retaining a (WLTP) range of 514km.

Current estimated delivery timing in Australia for the Model Y Performance is February to April, 2024.

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