2023 Tesla Model Y price and specs: Popular electric SUV now most affordable yet


Key Points

  • Model Y SUV price starts from $65,400
  • Up to 533km range for popular Tesla electric car
  • Features HEPA filter, full glass roof, double-glazed rear windows over Model 3

The practical, higher-riding Tesla Model Y electric SUV is now priced from $65,400 to $91,400 before on-road costs in Australia.

The Model Y provides between 455km to 533km of claimed WLTP driving range depending on the variant. It is based on the underpinnings of the popular Model 3 sedan, but has a more practical interior, hatchback-style opening boot, and a higher seating position.

OFFER: $375 off a Tesla Model Y and 3 months free trial for Enhanced Autopilot
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UPDATE 1/7/23: Tesla Australia cuts Model Y range price by $3900, resulting in record low.

White and blue Tesla Model Y White and blue Tesla Model Y

The Tesla electric SUV is eligible for select Australian incentives, including the fringe benefits tax (FBT) exemption for fleets and novated leases – but only applies to the base Model Y rear-wheel drive (RWD) and Long Range.

The Model Y is in a competitive segment, with rivals such as the Hyundai Ioniq 5, Kia EV6, Volvo XC40 Recharge, Mercedes-Benz EQB, and BMW iX1 electric cars.

Tesla Model Y Novated Lease

Model Y Specs: Range, Charging and Size

Black Tesla Model Y Performance side view

All three Model Y electric SUV variants are differentiated by the drivetrain and battery pack.

The Model Y RWD has a single-motor setup and is most efficient, while Long Range and Performance models gain more powerful dual-motors for all-wheel drive and a larger battery to yield some extra driving range.

The key difference is the RWD's lithium-iron-phosphate (LFP) battery that can recharge at up to 170kW DC (with no charge limit), while the Long Range and Performance with a nickel-manganese-cobalt (NMC) pack peaks at up to 250kW DC speeds (with a 90 per cent charge limit recommendation).

➡️ View the Full Specs

Model Y Price and Models

Red Tesla Model Y at Supercharging station

All three Model Y electric SUV variants share largely the same features as standard.

EDITOR'S NOTE: All prices listed below exclude Tesla’s $400 ordering fee, $1400 delivery charge, and the compulsory Luxury Car Tax (applicable on the Performance variant only).

Tesla Model Y RWDTesla Model Y RWD

Model Y RWD price: $65,400 before on-road costs

The Tesla Model Y is priced from $65,400 before on-road costs for the entry-level standard range RWD variant. Key features include a high-efficiency particulate air (HEPA) cabin filter, full panoramic fixed glass roof, and a high-tech minimalistic interior like its smaller Model 3 sedan twin on which it's based.

RWD features:

Battery57.5kWh usable LFP battery
Exterior19-inch Gemini covered alloy wheels
LED headlights, daytime running lights and taillights
Power folding, auto-dimming, heated wing mirrors
Matte black window surrounds, side indicators and flush door handles
Electric tailgate
InteriorFive-seat black vegan interior with wood decor
Electrically adjustable front seats
Heated front and rear seats
Double glazed front and rear windows
Dual-zone climate control
HEPA cabin air filter (Bioweapon Defence mode)
Fixed panoramic glass roof
Ambient footwell lights
Interior floor mats
Rear row seat folding release toggles
Technology15-inch central infotainment system and instruments with built-in Google Maps
Over-the-air software update capabilities
30-day Premium Connectivity trial
Dual Qi wireless charging phone pad
Four USB-C charging ports
128GB USB for dashcam and Sentry Mode recording
13-speaker premium audio
Tesla mobile app
Safety assistTesla Vision Basic Autopilot package
Auto emergency braking (AEB)
Lane departure warning and lane-centering assist
Blind-spot monitoring and camera view
Adaptive cruise control ‘Autopilot’
Reversing camera
Tesla Model Y Long RangeTesla Model Y Long Range

Model Y Long Range price: $78,400 before on-road costs

For $13,000 more, the Long Range gets a dual-motor all-wheel drive powertrain, plus LED fog lights.

Long Range adds:

Battery75kWh usable NMC battery
ExteriorLED front fog lights
Tesla Model Y PerformanceTesla Model Y Performance

Model Y Performance price: $91,400 before on-road costs

Another $13,000 for the flagship Performance gains additional features, such as the more powerful drivetrain tune, 21-inch Überturbine wheels with red-painted performance brake callipers, lowered suspension, and a carbon fibre rear spoiler.

Performance adds:

Exterior21-inch Überturbine alloy wheels
Performance brakes with red-painted callipers
Carbon fibre rear spoiler
Lowered suspension
InteriorAluminium pedals
TechnologyTrack mode
Increased top speed to 250km/h (up from 217km/h)
Red Tesla Model Y with Induction wheels charging at Supercharger

Tesla Model Y options

  • Standard paint – no cost: Pearl White Multi-Coat
  • Premium paint – $1500: Solid Black; Midnight Silver Metallic; Deep Blue Metallic
  • Red Multi-Coat paint – $2400
  • 20-inch Induction wheels (RWD and Long Range only) – $2400
  • Black and white interior – $1500
  • Tesla Mobile Connector trickle charging cable – $550
  • Tow Package – $1970
Tesla Model Y driving and touchscreenTesla Model Y driving and touchscreen

Enhanced Autopilot – $5100:

  • Navigate on Autopilot on highways (assists with lane changing and highway exits)
  • Automatic lane change assist
  • Automatic parking assist
  • Summon (remotely move forwards and backwards)
  • Smart Summon (remotely drives to owner)

‘Full Self-Driving Capability’ – $10,100:

  • Enhanced Autopilot features
  • Traffic light and stop sign control (slows down the vehicle while using adaptive cruise control)

Premium Connectivity – $9.99/month:

  • Satellite-view maps with live-traffic lines
  • Music and video app streaming
  • Remote exterior and interior camera monitoring (via mobile app)
  • Karaoke
  • Internet browser

Model Y Government Incentives

Red Tesla Model Y charging from wall box

As of the time of publication, the Tesla Model Y variants eligible for government incentives are summarised in the table below. Refer to the following for more information on the federal FBT exemption and state-based incentives.

Model Y Warranty and Servicing

Tesla Model Y in front of Model 3 in Tesla showroom

The Tesla Model Y is backed by a four-year/80,000km vehicle warranty and roadside assistance with a different battery warranty depending on the drivetrain variant.

For the base Model Y RWD, it has a eight-year/160,000km battery warranty, whereas the Model Y Long Range and Performance are covered for eight-years/192,000km. Tesla promises it’ll keep at least 70 per cent of its battery health over the coverage period.

It adopts a condition-based servicing scheme, meaning the vehicle will notify the owner when its sensors detect it’s time for check-up via the mobile app.

Tesla also recommends a range of specific routine maintenance tasks, including:

  • Cabin air filter – every two years
  • HEPA filter – every three years
  • Tyre rotation, balance and wheel alignment – every 10,000km/if the tread depth difference is 1.5mm or more
  • Brake fluid test – every two years
  • Air conditioning desiccant bag – replace every four years
  • Cleaning and lubricating brake callipers – every 12 months/20,000km (for cars in cold weather regions only)

Model Y vs Other EVs

The Tesla Model Y RWD compares well on paper with the similarly-priced Kia EV6, Hyundai Ioniq 5, and Volvo XC40 Recharge electric SUVs. It has larger boot (although it's measured up to the roof, instead of the seats as per its rivals), faster 0-100km/h acceleration, and energy efficiency.

But, the EV6 and Ioniq 5 are capable of ultra-rapid charging speeds on a compatible public charging station thanks to its 800-volt class architecture.

Model Y Price History

Tesla Model Y panoramic glass roof interior view

NOTE: Prices exclude on-road costs, mandatory $400 ordering fee, $1400 delivery charge, and the Luxury Car Tax (applicable on Performance variant only).

Model/VariantFebruary 2023April 2023May 2023July 2023
Model Y RWD$69,300$68,900$69,300$65,400
Model Y Long RangeN/A$81,900$82,300$78,400
Model Y Performance$95,300$94,900$95,300$91,400

Model Y FAQs

Datawrappers by Danny Thai

Learn more about the Tesla Model Y👇

🔍 Tesla Model 3 vs. Model Y: Spec comparison

🔌 Tesla Model Y Charging Guide

💲 How much does it cost to own a Tesla Model Y?

About the author

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Henry Man

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Henry Man is a motoring journalist passionate about the intersection of technology and transportation, with a focus on electric vehicles.

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