Elon Musk’s Tesla (NASDAQ: TSLA) launched a new higher-priced version of the Model Y, its best-selling car, in the United States, Canada, and Europe on Thursday, weeks after it was first released in China.
The new Model Y, a long-range all-wheel drive variant, will cost $59,990 in the U.S., according to the electric vehicle maker’s U.S. website, 25% higher than its predecessor which costs $47,990.
The new variant comes equipped with the supervised full self-driving software, which is an optional addition to previous Model Y cars for $8,000.
Tesla will begin deliveries of the new car in March.
With the launch, Tesla (NASDAQ: TSLA) now lists four versions of the Model Y in the U.S., with the new car costing the most, and even higher than the performance variant.
The new variant also has redesigned exteriors, upgraded features inside, and a slightly extended range of 320 miles (515 km), according to Tesla.
Tesla first launched the Model Y in 2020 and became the world’s best-selling car in 2023. The aging model lost some sales momentum last year, hurt by competition from rivals in China, while in other markets, demand for electric vehicles has weakened.
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