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Tesla Model Y Pricing Predicted To Start At $45,000, Top Out At $85,000 | InsideEVs

Tonight, Tesla will reveal the Model Y to the world, but ahead of that event, which we’ll be attending, J.D. Power released a new report. The report contains predictions on Model Y pricing and market size.

In regards to market potential, the J.D. Power report states:

Tesla’s latest SUV, the Model Y, presents one of the most compelling opportunities yet for the brand to increase the sales volume. The segment is big: SUVs currently account for 49% of the U.S. market. More than half (52%) of those who bought a vehicle in the $30,000-$50,000 price range purchased an SUV.

Moving on to pricing, J.D Power predicts the following:

Pricing for the smaller Model Y is unknown, but J.D. Power estimates a starting price of $45,000 before tax rebates, rising to $85,000. In 2018, 1.4 million SUVs were sold in the $40,000-$90,000 range. This means if Tesla captures only a modest portion of this segment, it will deliver significant sales growth.

$45,000 is a bit above the previously speculated figure of $40,000, but it’s in line with our expectations for various reasons. Even Tesla CEO Elon Musk already tweeted that the Model Y would be about 10 percent above Model 3 pricing, which would work out to $38,500. But, let’s remember that the base Model Y won’t grace our presence for some time. Let’s not forget about inflation.

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Tesla Model Y Pricing Predicted To Start At $45,000, Top Out At $85,000.