Tesla CEO Elon Musk revealed on May 4, 2024, that the Standard Range rear-wheel drive Model Y, previously capped at a range of 260 miles (418 km), actually has up to an extra 60 miles (96 km) available. Vehicle owners can access this extra range for a fee ranging between $1,500 and $2,000, subject to regulatory approval.
The news emerged alongside updates that Tesla is discontinuing the Standard Range version and introducing a new model with a 320-mile (514 km) capacity. This upgraded Model Y is priced starting at $44,990 but could effectively cost consumers as low as $37,490 after incorporating a $7,500 federal EV tax credit.
This pricing strategy isn’t new for Tesla. Back in 2016, Tesla offered similar software unlocks for its Model S 70 series cars. Other automakers like Polestar and BMW have also adopted this practice of controlling certain car features through software locks.
Source: The Verge
