Tesla Model Y run-out prices slashed by up to $8000 ahead of updated model

2024 Tesla Model Y RWD

Prices of pre-update Tesla Model Y stock have been discounted by up to $8000 ahead of an updated version of the electric SUV due in the coming months.

The Tesla Australia website lists new 2024 and 2025-plate Model Y stock with discounts before on-road costs of $4000 on the Rear-Wheel Drive (RWD), and $7000 off the Long Range All-Wheel Drive (AWD).

The top-spec Performance receives an $8000 cut – before stamp duty is calculated and applied – to clear out remaining stock ahead of the facelifted version arriving from May 2025.

The reductions in the drive-away price will be slightly greater as the discounts apply before on-road costs, so the lower RRPs will incur less stamp duty.

2024 Tesla Model Y RWD

In Victoria, the most affordable Model Y RWD in stock is listed for $59,900.

That price excludes on-road costs such as stamp duty and registration, but includes the mandatory $1400 delivery and $400 order fees – as well as options such as $2300 Stealth Grey exterior paint, $2400 20-inch Induction wheels, and a $1500 black and white interior.

The cheapest Model Y RWD in the country is an un-optioned white example in Western Australia priced from $53,700 – calculated from the Model Y's $55,900 RRP, plus the $400 order and $1400 delivery fees, but with $4000 subtracted.

Prices of the Model Y Long Range AWD start from $68,600 in Victoria, Queensland, South Australia, and Tasmania, optioned with a $1500 black or blue premium paint and $2400 20-inch wheels.

Meanwhile, the cheapest example of the range-topping Model Y Performance AWD can be had for $80,800 including order and delivery fees but before on-roads in South Australia, Tasmania and Victoria, with $2600 Ultra Red paint, and a $1500 black and white interior.

The discounts are available until 31 March 2025, and while stocks last – with vehicle availability subject to change depending on the state or territory of registration.

2025 Tesla Model Y

The run-out offers follow permanent cuts to the RRPs of the Model 3 and Model Y rolled out by the US electric auto giant in 2024 of up to $9500.

Due in May, the updated Tesla Model Y will be initially available as part of a ‘Launch Series’, which sees the Rear-Wheel Drive and Long Range AWD variants receive price hikes of $7500 and $3500 respectively.

Prices start from $63,400 plus on-road costs for the RWD, and $73,400 for the Long Range AWD. With order and delivery fees added – but other on-road costs excluded – their starting prices are $65,200 and $75,200 respectively.

Ethan Cardinal graduated with a Journalism degree in 2020 from La Trobe University and has been working in the fashion industry as a freelance writer prior to joining Drive in 2023. Ethan greatly enjoys investigating and reporting on the cross sections between automotive, lifestyle and culture. Ethan relishes the opportunity to explore how deep cars are intertwined within different industries and how they could affect both casual readers and car enthusiasts.

Read more about Ethan Cardinal