Tesla Model Y Much Cheaper Than These 3 Competitors

Reporting on the Tesla Model 3 Long Range gaining eligibility for the $7,500 US tax credit , and then reporting on your “last” chance to get 1.99% APR financing on a Model 3 RWD , I started thinking about how cost competitive the Model 3 has become. But then I remembered that Americans hardly ever buy sedans these days, that it’s all about crossovers and SUVs.

So, it hit me that we were ripe for an update on how the cost of a Tesla Model Y compares to the costs of its top competitors in the States. As it turns out, the Tesla Model Y is now much cheaper than its competitors — and that’s not even taking into account long-term fuel costs. Now, there are always going to be different opinions about which cars are in competition with each other.



Heck, someone could be deciding between two very different types of cars — I’ve seen it many times. Though, overall, similar size and similar class is the best we can go with for an article like this. So, I’ve pulled up the BMW X4 and the Audi Q5, which I think are the closest match to the Tesla Model Y in that regard.

Then I threw in one more SUV that might be a little more of a stretch but seems like something a Model Y shopper might cross-shop, and which is also one of the 10 top selling SUVs in the US , the Jeep Grand Cherokee. Each model comes at various price options, of course. The Model Y can cost $44,990, $47,990, or $51,490 before adding options and special software features.

The Audi Q5’s three core starting pri.