2023 Tesla Model Y: Specs and Features for the Best-Selling EV

The Tesla Model Y crossover SUV is the best-selling EV, with sales even higher than the popular Model 3. While the handling and performance of the Model Y are not as good as the Model 3, it offers greater practicality. The Model Y is also one of the few electric vehicles that offers a third row of seating. Here’s what we expect for the release date, price, specs, and features of the new 2023 Tesla Model Y.

When is the 2023 Tesla Model Y coming out?

Side view of blue 2023 Tesla Model Y, highlighting its release date and price
2023 Tesla Model Y | Tesla

The release date of the 2023 Tesla Model Y — and all the new model year changes that come with it — will likely be in late 2022. However, the 2023 Model Y won’t be available in the United States and international markets until much later. 

Currently, there’s a long wait time for customer deliveries of the 2022 Model Y. With this in mind, deliveries of the 2023 Model Y probably won’t start until early 2023 for the Performance trim and mid-2023 for the more in-demand Long Range trim. 

The Tesla Model Y for the U.S. market is built in Fremont, California, and Austin, Texas. Also, it is the most American-made car.

How much does the 2023 Tesla Model Y cost?

Tesla didn’t yet provide the price information for the 2023 Model Y crossover SUV EV. However, the 2023 Model Y will likely cost slightly more than the 2022 Model Y. Currently, the starting price of the 2022 Model Y is $65,990 for the Long Range trim and $69,990 for the Performance trim.

Unfortunately, the Model Y, like other Tesla vehicles, is no longer eligible for the federal EV tax credit, which helps lower the purchase price of an electric car.

2023 Model Y specs: Electric motor output, 0-60 mph acceleration, MPGe fuel economy, and driving range

White 2023 Telsa Model Y with a surfboard, highlighting its release date and price
2023 Tesla Model Y | Tesla

All 2023 Tesla Model Y vehicles in the U.S. feature a dual-motor all-wheel drive system, with an electric motor at both the front and rear wheels. For output, the motors generate 384 horsepower in the Long Range trim and 480 horsepower in the Performance trim.

For acceleration, the Model Y Long Range trim has a 0-60 mph time of 4.8 seconds. The Performance trim completes the sprint in 3.5 seconds. Also, the top speed of the Model Y is 135 mph for the Long Range trim and 155 mph for the Performance trim.

For driving range, the Model Y Long Range can go an estimated 314-330 miles on a full charge, while the Performance trim has a range of up to 303 miles. All Model Y vehicles have fast-charging capabilities via the Tesla Supercharger network.

For efficiency, the Model Y has an estimated fuel economy of up to 131 city/117 highway MPGe for the Long Range trim and 115 city/106 highway MPGe for the Performance trim. Also, the Model Y can tow up to 3,500 pounds.

What’s new for the 2023 Tesla Model Y?

Dashboard and front seats in 2023 Tesla Model Y, highlighting its release date and price
2023 Tesla Model Y | Tesla

The new 2023 Tesla Y is expected to be a carryover model — other than the addition of Tesla’s 4680 battery cells. Also, like the previous model year, the Model Y will likely provide over-the-air (OTA) updates for enhanced technological capabilities. Also, Tesla might make minor modifications to improve such things as the driving range. 

What are the electric crossover SUV competitors of the Tesla Model Y?

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The electric crossover SUV competitors of the Tesla Model Y include the Ford Mustang Mach-E, Hyundai IONIQ 5, Hyundai Kona Electric, Fisker Ocean, Volkswagen ID.4, Kia Niro EV, Kia EV6, Audi e-tron, Volvo XC40 Recharge, Volvo C40 Recharge, Toyota bZ4X, and Subaru Solterra.

For warranty coverage, the Tesla Model Y has the backing of a 4-year/50,000-mile basic warranty and an 8-year/100,000-mile powertrain warranty. 

As detailed earlier, the release date of the new 2023 Tesla Model Y will probably be in late 2022. Also, we expect a slight price increase for the 2023 Model Y compared to the 2022 Model Y, which currently costs $65,990 for the Long Range trim and $69,990 for the Performance trim.

This article was updated on 8/3/2022 for clarity and the latest release date and vehicle information.

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