Factoring in the $7,500 federal EV tax credit, the new Model Y’s price falls to $52,490. The outgoing Model Y Long Range All-Wheel Drive starts at $47,990, or $40,490 after the credit – which President Trump has indicated he will scrap.

Deliveries of the updated model, code-named Juniper, begin in the U.S. in March, and the only version currently available is a fully loaded Model Y Launch Series priced from $59,990, excluding destination.