Tesla has recently made changes to its Model Y lineup, introducing the Long Range RWD variant and dropping the Rear-Wheel Drive (RWD) variant. The EV giant reduced the price of the Model Y RWD by $2,000 to $42,990, which was its lowest list price ever. The Long Range RWD will now start at $44,990.

The Model Y LR RWD offers a range of 320 miles, an improvement from the RWD’s 260 miles for an additional $2,000. Elon Musk announced on social media that recent RWD Model Y vehicles have extra range that can be unlocked for $1,500-$2,000.

In addition to changes in pricing and model variants, Tesla also saw a jump in stock price, with shares rising 7.7% the previous week. The stock moved above the 10-week line, which had previously served as resistance in 2024. Despite the positive movement in stock price, there were concerns raised about Tesla’s strategy and long-term growth prospects after Elon Musk made changes within the company, including axing the Supercharger and new vehicles teams.

One of the most significant changes is that Tesla eliminated the Rear-Wheel Drive (RWD) variant and introduced a new Long Range RWD (LRRW) variant instead. This move reflects Tesla’s commitment to providing customers with more efficient and eco-friendly transportation options. The LRRW variant is priced at $44,990 and offers a range of 320 miles per charge – an improvement over the previous version’s range of 260 miles per charge for an additional $2,