Tesla has revealed its Model Y Performance variant with a launch price of $57,490, marking the company’s latest entry into the luxury electric SUV market. The new model costs $8,500 more than the standard Model Y Long Range AWD, which sells for $48,990.
The Performance version will arrive in US showrooms during mid-2025. Tesla designed this variant to compete against other high-performance electric SUVs like the Hyundai Ioniq 5N, Ford Mustang Mach-E GT, and Chevrolet Blazer EV SS. The vehicle won’t be available in Canada due to ongoing tariff conflicts between the two countries.
Tesla equipped the Performance model with an EPA-estimated range of 306 miles. That’s 21 miles less than the Long Range variant’s 327-mile capability. However, it’s a significant improvement over the previous Performance model, which only offered 277 miles per charge.
The vehicle features design elements borrowed from Tesla’s Cybertruck, including a flatter hood and updated headlamps. Performance-specific bumpers improve aerodynamics while creating a more aggressive look. The rear section includes a full-width reflective tail lamp and an exclusive performance diffuser built into the bumper. A subtle tailgate spoiler helps with aerodynamic efficiency.
Inside, drivers will find a new high-resolution 16-inch touchscreen that replaces the older display. The Performance model includes upgraded seats designed specifically for performance driving and a flexible suspension system as standard equipment. A performance badge identifies the variant from regular Model Y models. Rear passengers benefit from power reclining seats and an 8-inch touchscreen. The vehicle achieves 0-60mph in 4.6 seconds, providing strong acceleration for a family SUV.
The vehicle rides on 21-inch forged wheels fitted with Pirelli P-Zero tires. Tesla lowered the suspension to improve stability and handling during spirited driving.
Tesla faces competition from luxury brands like Porsche’s Macan and Audi’s Q6 e-tron, along with more affordable options including the BYD Sealion 7, Peugeot E-3008, and Skoda Enyaq. The company’s pricing strategy positions the Performance model between mainstream and premium luxury electric SUVs. However, potential buyers should consider that Tesla models experience significant resale value depreciation compared to other luxury vehicles.
Tesla has already started distributing the standard refreshed Model Y in the United States. The Performance variant represents the company’s effort to maintain its leadership position in the performance electric SUV segment.