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Tesla Model Y Price Drops — New Cost of Ownership vs. Lexus RX

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Tesla Model Y Price Drops — New Cost of Ownership vs. Lexus RX

Cars


Published on July 11th, 2020 |
by Zachary Shahan





July 11th, 2020 by Zachary Shahan 


Tesla has dropped the price of the Model Y by a few thousand dollars, with the starting price now at $49,990*. Meanwhile, the Performance trim is down to $59,990 and has more features included by default as well as 11 miles more range.

$50,000 is a lot of money for a vehicle (unless you’re rich enough that it’s not), but what’s most notable with the Model Y is how much better it is than anything else in its class with regards to performance (both its 0–60 mph time or 0–30 mph time and its handling), infotainment (Tesla’s infotainment system is second to none, and it’s not even close), driver-assist features (Tesla Autopilot is second to none, and it’s not even close), and cost of operation.

This Model Y price drop provides an opportunity to get to something I haven’t done yet — cost of ownership analyses for the Model Y compared to its closest competitors (even though, as I noted above, there really are no close competitors on the market right now).

To start with, here’s a look at 5-year cost of ownership forecasts for the Tesla Model Y versus the Lexus RX:

As always, assumptions are a big deal in a cost of ownership analysis. People have widely different lifestyles and prices of several inputs vary by region. Furthermore, you may have a different estimate of what you expect in the next 5 years with regards to gas prices, your personal electricity/charging prices, the resale values of these SUVs, and maintenance costs. As always, I encourage you to steal my sheet (copy it) and put in the numbers that fit best for your life and your expectations about the future.

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According to my best guess on some averages, the Tesla Model Y Long Range is absurdly cheaper than the Lexus RX and even the Model Y Performance is cheaper — despite having more cargo capacity, better acceleration, a better passenger experience, better infotainment, and greater safety. Why would anyone buy a new Lexus RX in 2020? I have no clue. Actually, I take that back — people still buy this and other models because of inertia. Most people have never sat in a Tesla. Most people have never driven a Tesla. Most people have never compared the specs and costs of a Tesla Model Y and a Lexus RX. They go back to Lexus because they’re familiar with Lexus. They have a notion in their heads about Lexus being a great brand that they acquired years ago, without the taste of Tesla to put it in context. Now, as for anyone who goes and test drives a Tesla Model Y and a Lexus RX and chooses a Lexus RX — that person, if they exist, baffles me.

As a final note, keep in mind that Tesla still isn’t selling the lowest cost version of the Model Y, the Model Y Standard Range Plus, which may start around $40,000 once available. Ooo, baby!

Related stories:

*Interestingly, I think it’s worth noting finally that someone got a hold of CEO Elon Musk at some point and made him change his policy on pricing. He used to prefer rounding the price up or down to the closest thousand or at least even hundred, and noted at least once that he found pricing like this annoying. I agree — just make the price an even $50,000. Though, dropping $10 off the price somehow moves minds — everyone knows it, but it still works — and sometime back Tesla decided to play the game and do pricing like $49,990. Frankly, perhaps more than anything else, this makes me think that even Tesla gets concerned about demand to some degree. Dropping the price by $3,000 passes along the same implication.

Want to buy a Tesla Model 3, Y, S, or X? Feel free to use my referral code to get some free Supercharging miles with your purchase: https://ts.la/zachary63404. No pressure. You can also get a $250 discount on Tesla solar with that code. 

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Tags: EV TCO, Tesla, Tesla Model Y, Tesla Model Y Long Range, Tesla Model Y Long Range price, Tesla Model Y Long Range TCO, Tesla Model Y Performance, Tesla Model Y Performance price, Tesla Model Y Performance TCO, Tesla Model Y prices, Tesla Model Y TCO, Tesla Model Y Total Cost of Ownership, Tesla prices





About the Author

Zachary Shahan is tryin’ to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao.

Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he does not offer (explicitly or implicitly) investment advice of any sort on Tesla or any other company.









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Marseille in California. ″Where the Portuguese is, there is Portugal″

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Marseille in California.  ″Where the Portuguese is, there is Portugal″

“You are the future,” President Marcelo Rebelo de Souza told a three-year-old girl dressed in traditional Portuguese clothing who came out to greet him on the podium where he spoke at Artesia Portuguese Salon. The city, located on the outskirts of Los Angeles, has not hosted the President of the Portuguese Republic since 1989. This weekend, he did it with pomp and the setting of an ornate Portuguese-American community bursting with pride.

“We have never lost the honor and responsibility of being representatives of this beautiful flag,” said Jimmy Enes, a member of Artesia DES, a Portuguese descendant, in a welcoming speech delivered in perfect Portuguese. “When we are asked who we are, we always answer”i am portuguese“and not”Portuguese-American“or ‘Portuguese American’,” he said. “That’s why we’re trying step by step to protect our heritage on the outskirts of Los Angeles, one of the greatest cities in the world.”

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Cristiano Ronaldo is injured by the Portuguese national team and thanks the fans for their support

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Cristiano Ronaldo is injured by the Portuguese national team and thanks the fans for their support



Cristiano Ronaldo got a cut on his nose and needed a bandage (Photo: MICHAL CIZEK / AFP)

Photo: Lance!

Gratitude. It seems that the attacker Cristiano Ronaldo shared his social media with Portuguese fans after a clash with Czech goalkeeper Vaclik. In the auction, the assailant received a cut on his face and needed a bandage to stop the bleeding.

“Great game, important team win! We remain focused on our goal. Thanks to the Portuguese public for the fantastic support,” the striker wrote on his Instagram account.

The match was marked by a great performance Portugal national team, who beat the Czech Republic 4-0 to take the lead in Nations League Group 2 with ten points with one matchday to go in the group stage of the tournament. Cristiano Ronaldo ended up losing to his team.

After the match, the leader of the Portuguese national team appreciated the result achieved on the road. “It was a very important victory and all teammates should be congratulated on the result,” commented the 37-year-old striker.

With three wins, one draw and one defeat, the Portuguese team has the best attack in their group with eleven goals scored and a net difference of nine. The team is one draw away from qualifying for the tournament series. The next match against Spain is next Tuesday in the city of Braga.

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See also  Porto beat Santa Clara and retained the lead in the Portuguese First League
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Thomas Gouveia remains the best Portuguese in the Swiss Challenge

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Thomas Gouveia remains the best Portuguese in the Swiss Challenge

Writing with Lusa

Tournament of the second European circuit.

Thomas Gouveia solidified his status as the best Portuguese in the Swiss Challenge this Saturday by finishing the penultimate day of the second European round robin in a group of 31st placed golfers.

Thomas Gouveia hit the card with 73 shots, one over par on the course, after two birdies (one under par hole) and three bogeys (one over), after making 71 shots in the previous two days for a total of 215.

Thomas Bessa needed 75 hits, three over par and tied for scarecrows, he finished 48th with 218 total, five short of Vitor Lopez, 60th with 223, after today needs 78, with just one bird . to fit five scarecrows and a double scarecrow.

The Swiss Challenge, which concludes on Sunday in Folgensburg, France, is still led by France’s Chung Veon Ko with a total of 206 shots, one short of Denmark’s Martin Simonsen in second place.

See also  Porto beat Santa Clara and retained the lead in the Portuguese First League
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