Stock Markets February 2, 2026

Tesla Debuts New All-Wheel Drive Model Y Trim in U.S.; Premium Option Also Launched

Base AWD Model Y priced at $41,990 with a $48,990 premium trim offering upgraded interior, suspension and lightbars

By Sofia Navarro TSLA
Tesla Debuts New All-Wheel Drive Model Y Trim in U.S.; Premium Option Also Launched
TSLA

Tesla has listed a new all-wheel drive variant of its Model Y in the United States, alongside a higher-priced premium version. The base AWD model appears on Tesla's website at $41,990, while the premium trim is priced at $48,990 and includes interior and suspension upgrades, front and rear lightbars, and slightly improved claimed range and performance. The Model Y remains Tesla's top-selling vehicle, but sales of Tesla models have softened in the past two years amid intensifying competition and cooling consumer sentiment.

Key Points

  • Tesla listed a new all-wheel drive Model Y in the U.S. at $41,990, with a premium AWD trim at $48,990.
  • The premium Model Y includes upgraded interior and suspension, front and rear lightbars, and slightly improved claimed range and performance.
  • The Model Y remains Tesla's top-selling vehicle, but sales of its models have declined over the past two years amid rising competition and reduced consumer sentiment.

Tesla has added a new all-wheel drive (AWD) version of its Model Y to its U.S. lineup, according to the automaker's online vehicle configurator. The company is listing the base AWD Model Y at $41,990, and a premium AWD variant at $48,990.

The premium version is distinguished by upgraded interior finishes and an enhanced suspension package. Tesla's site also highlights front and rear lightbars on the premium model, along with a modest improvement in the vehicle's claimed driving range and performance when compared with the standard Model Y.

The Model Y remains Tesla's best-selling car and is counted among the world's top-selling electric vehicles. Despite that standing, reporting on the automaker's sales trends shows a decline in deliveries for the Model Y and for Tesla's broader vehicle portfolio over the past two years. That weakening has been attributed to increased competition in the electric vehicle market and a decline in consumer sentiment toward the company tied to CEO Elon Musk's political affiliations.

Earlier moves by Tesla included the 2025 introduction of lower-cost, pared-down versions of the Model Y. Those cheaper variants were intended to broaden the vehicle's appeal, but, according to subsequent observations, they produced little measurable lift in sales.

Separately, CEO Elon Musk has indicated that Tesla will discontinue production of the S and X models as the company reorients some of its focus toward robotics. That strategic shift was described by Musk as a move away from those particular vehicle lines.


Context and market implications

The new AWD Model Y entry point and the premium trim expand Tesla's pricing and feature set within a key model range. The changes arrive against a backdrop of softer vehicle demand for the company and strategic adjustments in product offerings announced by leadership.

Availability

The new AWD configuration and the premium option are listed on Tesla's website for customers in the United States; the posted prices are $41,990 for the base AWD Model Y and $48,990 for the premium AWD Model Y.

Risks

  • Declining sales trends for the Model Y and other Tesla vehicles present demand uncertainty for the automotive and electric vehicle sectors.
  • Souring consumer sentiment toward the company tied to CEO Elon Musk's political affiliations could continue to weigh on vehicle demand and investor perception in the automotive and consumer discretionary markets.
  • Previous attempts to boost demand with lower-cost, stripped-down Model Y variants in 2025 produced little measurable improvement in sales, indicating limited effectiveness of price-reduction strategies for reviving demand.

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