2024 Tesla Model Y price and specs: Updated electric SUV up to $8500 cheaper

The 2024 Tesla Model Y has received price cuts ranging from $1500 to $8500 in Australia, coinciding with small design changes for the hot-selling electric SUV.

Now priced from $63,900 before on-road costs, the $1500 price cut to the base Model Y makes it the cheapest the electric SUV has ever been in Australia.

The mid-level Model Y Long Range’s price has been reduced by $5500 to $72,900 before on-road costs, while the flagship Model Y Performance starts from $82,900 before on-roads – an $8500 reduction.

Headlining the Tesla Model Y’s changes for 2024 are a new black ‘Gemini’ wheel cover design for the base and Long Range variants, plus three new optional exterior colours.

Unfortunately Australia will miss out on a majority of the updates to the Chinese-delivered Model Y – despite being built in the same Shanghai factory – such as greater driving range, RGB interior ambient lighting and a textile dashboard material.

A full update to the Tesla Model Y – codenamed Juniper – is reportedly due next year, bringing upgrades similar to the recent Model 3 ‘Highland’ facelift.

If you order a Model Y today, Tesla says you can take delivery between April and June 2024.

The Model Y’s price cuts come just days after MG cut the prices of its electric vehicles (EVs) in Australia, with GWM handing down a price cut to the Ora earlier today to make it the cheapest battery-powered car on sale locally.


  • 2024 Tesla Model Y RWD: $63,900 (-$1500)
  • 2024 Tesla Model Y Long Range AWD: $72,900 (-$5500)
  • 2024 Tesla Model Y Performance AWD: $82,900 (-$8500)

Prices exclude on-road costs.


While Tesla Australia doesn’t officially quote power outputs for the Model Y, Glass’s Guide quotes the Model Y RWD’s single electric motor as producing 220kW of power and 330Nm of torque. The Model Y RWD can accelerate from 0-100km/h in 6.9 seconds.

The Tesla Model Y Long Range gains a front electric motor for an all-wheel drive layout, developing 378kW of power and 493Nm of torque. The Model Y Long Range has a claimed 0-100km/h time of 5.0 seconds.

Tesla’s flagship Model Y Performance receives another bump with total outputs of 393kW and 639Nm. Tesla quotes a 0-100km/h time of 3.7 seconds.


Tesla Australia claims the Model Y RWD has 455km of driving range, based on the WLTP laboratory test cycle. The Long Range AWD has a quoted driving range of 533km, while the Performance drops to a 514km claim.

The Tesla Model Y range features a lithium-ion battery, though the brand doesn’t disclose battery capacity.

While the Tesla Model Y RWD can charge at up to 170kW on a DC fast charger, both the Long Range AWD and Performance can accept up to 250kW.


The Tesla Model Y measures 4751mm long, 2129mm wide (or 1978mm with folded mirrors) and 1624mm tall, on a 2890mm wheelbase.

The Model Y RWD weighs 1909kg, while the Long Range tips the scales at 1979kg while the Performance is heavier again at 1997kg.

Boot space is claimed at 854 litres with the rear seats up and including the ‘frunk’, increasing to 2158 litres with the second-row seats folded.

Servicing and Warranty

The Tesla Model Y is covered by a four-year, 80,000km warranty in Australia.

The Model Y RWD’s battery is backed by an eight-year or 160,000km warranty, whichever comes first. The Model Y Long Range and Performance batteries are covered for eight years or 192,000km.

During the warranty period, Tesla Australia guarantees the battery will retain a minimum of 70 per cent capacity.


The Tesla Model Y received a five-star ANCAP safety rating in 2022, based on tests conducted by Euro NCAP.

It scored 97 per cent for adult occupant protection, 89 per cent for child occupant protection, 82 per cent for vulnerable road user protection, and 98 per cent for safety assist.

Standard features include:

  • Seven airbags incl. front-centre airbag
  • Autonomous Emergency Braking (AEB)
    • Forward, Reverse
    • Car, Pedestrian, Cyclist detection
    • Junction assist
  • Blind-spot assist
  • Lane keep assist
  • Reverse and side view cameras
  • Front, rear parking sensors
  • Tyre pressure monitoring
  • Automatic high-beam
  • Intelligent speed limiter

Standard Equipment

There are three members of the local Model Y range.

The base Model Y RWD features:

  • 19-inch ‘Gemini’ wheels (now in all black)
  • Tinted glass roof
  • Power-folding, auto-dimming and heated side mirrors
  • Floor mats
  • Leatherette interior upholstery
  • 12-way power adjustable front seats
  • 15-inch touchscreen infotainment system
  • 13-speaker audio system
  • Wireless charger for two smartphones
  • 4x USB-C ports
  • 1x USB-A port in the glove box
  • Power-adjustable front seats
  • Heated front and rear seats
  • Heated steering wheel
  • HEPA filtration system
  • Tesla app connectivity

The Model Y Long Range adds:

  • LED fog lights

The Model Y Performance adds:

  • 21-inch Uberturbine wheels
  • Performance brakes
  • Lowered suspension
  • Aluminium alloy pedals
  • Carbon-fibre spoiler


  • 20-inch induction wheels: $2400 (RWD and Long Range only)
  • White and black interior: $1500

Enhanced Autopilot ($5100) adds:

  • Navigate on Autopilot
  • Auto Lane Change
  • Autopark
  • Summon
  • Smart Summon

Full Self-Driving ($10,100) will add (when approved for use on Australian roads):

  • Traffic light and stop sign control
  • Auto steer on city streets 


  • Pearl White Multi-Coat
  • Solid Black
  • Deep Blue Metallic
  • Stealth Grey (NEW)
  • Quicksilver (NEW)
  • Ultra Red (NEW)

Pearl White Multi-Coat is offered as standard. Deep Blue Metallic and Solid Black finishes incur a $1500 premium, Stealth Grey is an extra $2300 while Quicksilver and Ultra Red cost an additional $2600.

MORE: Tesla Model Y review
MORE: Everything Tesla Model Y


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