Tesla adds Model Y Performance to discounted financing program

Tesla has introduced a new promotional financing rate for the Model Y Performance in the United States. Buyers can now access a 3.99 percent interest rate on loans up to 72 months. The company also raised lease prices for its entire Model 3 lineup.

The electric vehicle maker announced the change in a message sent to prospective buyers on Tuesday. This marks the first time the Performance trim of the Model Y has qualified for a reduced rate. Earlier this year other Model Y versions received lower offers including zero percent financing for the rear-wheel drive model.

The new rate still exceeds those available on standard Model Y variants. Customers trading in a gas vehicle qualify for 2,000 free Supercharging miles along with a 30-day trial of Full Self-Driving and Premium Connectivity.

At the same time Tesla increased monthly lease payments across the Model 3 range. The rear-wheel drive model now starts at 379 dollars per month after a 15.2 percent rise while the top Performance version reached 629 dollars.

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A realistic photo of the Tesla Model Y L SUV on a highway, illustrating its launch in the US and Puerto Rico.
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Tesla launches Model Y L in US and Puerto Rico

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Tesla has launched the Model Y L, a longer-wheelbase six-seat version of its popular SUV, in the United States and Puerto Rico. The vehicle is available as a Launch Series starting at $61,990 with deliveries scheduled for September or October.

New regulatory filings show Tesla is preparing more powerful versions of its China-made Model 3 and Model Y. The documents point to the return of a Model Y Performance variant. The changes center on a new front motor.

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Tesla has introduced a long-wheelbase version of its Model Y electric SUV to the US market. The new Model Y L offers a usable third row of seats and went on sale last week.

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