Tesla launches cheaper Model Y variant

Tesla launched the seven-seat option for the Model Y, alongside a new Standard Range Rear-Wheel Drive variant, in its online configurator.

Tesla has quietly introduced a new entry-level version of its Model Y that Elon Musk said last summer it wouldn't build.

Previously there were only the Long Range and Performance variants, priced from $51,190 and $61,190, respectively. It also comes with rear-wheel drive, instead of the all-wheel-drive setup that is found on the Long Range version and the $59,990 Performance model.

The 2021 Ford Mustang Mach-E is the automaker's first purpose-built electric vehicle and a very different kind of pony. The most affordable Mach-E, the Select trim, starts at $43,995 including destination fee, but subtracting the $7,500 federal tax credit drops the price down to $36,495 (there are further state-level credits available as well).

The Standard Range is capable of driving 244 miles between charges, while the Long Range can go 326 miles.

The Tesla Model Y third-row option doesn't jump out at you as you visit the automaker's website.

Tesla says the Standard Range variant will do 0-to-60 miles per hour in 5.3 seconds versus 4.8 seconds for the Long Range and 3.5 seconds for the Performance versions. This is due to the sliding second-row seats with adjustable seatbacks, allowing owners to give third-row Model Y passengers more space.