Home » Would You Buy A Stripped Down Tesla Model Y For $40,000?

Would You Buy A Stripped Down Tesla Model Y For $40,000?

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Tesla has been teasing the existence of an “affordable” model for years. The idea first surfaced in 2020 during a battery event, when CEO Elon Musk said denser batteries would allow the company to build a $25,000 car. Rumors of the mythical cheap Tesla stuck around until Musk squashed any plans of such a vehicle back in October, calling it “silly and pointless.”

The company hasn’t completely given up on breaking into a more affordable segment, telling investors it plans to launch cheaper models by the end of 2025. Tesla will reveal its first affordable model tonight—but it won’t be an entirely new car. As confirmed by Musk back in July, it’ll just be a Model Y with less standard equipment.

Vidframe Min Top
Vidframe Min Bottom

The Model Y in question should look a bit different, too, if these spy shots taken of an undisguised prototype turn out to be legit. These photos, published to X by user Ryan Mable and shared by The Verge, show a white Model Y with slightly revised fascias running on Florida manufacturer plates driving around near Tesla’s Austin, Texas headquarters.

How Different Will It Look?

The most obvious difference lies in the nose, where there’s no longer a lightbar uniting the two headlights. The car in these photos has that space occupied by an extended bumper area. The updated, slimmer headlights from the normal Model Y are still present, though. Out back, the central taillight has been replaced by what looks to be a black piece of plastic, and all badging has been removed. The tailgate piece has also been redesigned to reach over into the lower black plastic portion of the bumper, which looks kinda awkward.

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These images match up with a photo shared by The Tesla Newswire, a fan account on X that tracks Tesla happenings. The image, shared earlier this month, shows an identically restyled Model Y that was, according to that account, lifted from code within Tesla’s own website. It’s impossible to make any guarantees without an official announcement, but considering that, plus the manufacturer plate, this car is likely what we’ll be seeing revealed later tonight.

What Will The Cheap Model Y Be Missing?

Tesla hasn’t made any official statements with regard to standard equipment or specs, but that hasn’t stopped people from finding out what to expect. The Verge cites a hacker on X who goes by GreenTheOnly, who claims to have discovered exactly what the cheap Model Y will be missing compared to its more expensive counterpart in a tweet published last month, citing Tesla’s own firmware:

In case you can’t see the above tweet, some subtractions to the cheap Model Y could include obvious cost-cutting moves, like no glass roof, no second-row display, a cheaper fiberglass headliner, no power-folding mirrors, simpler seat controls, and smaller 18-inch wheels. Weirdly, this hacker also reports that the cheap Model Y won’t have a tire pressure monitoring system, even though TPMS sensors have been mandatory in the United States since 2007. If I had to guess, it’s possible their data was tied to a car destined for sale outside of the U.S.

The hacker, as well as Electrek, say the affordable Model Y will also have a “downgraded” suspension setup. But while the hacker says there will be rear-wheel drive and all-wheel drive options, Electrek seems to think the car will be rear-wheel drive only. That is to say, we won’t know for sure just how much stuff has been taken out until Tesla reveals all the info.

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How Much Will It Cost?

Tesla Gigafactory Berlin Interior
The assembly line at Tesla’s factory in Berlin. Source: Tesla

Tesla hasn’t released a number, per se, but its German CEO leaked a few details on the car yesterday ahead of tonight’s reveal, including some hints about its design and an approximate starting price. From German publication Handelsblatt:

The US electric car manufacturer Tesla plans to launch a light version of its Model Y this year. German CEO André Thierig announced this at an internal event on Monday at the Tesla plant in Grünheide. Series production and delivery will begin “in a few weeks.”

The Model Y Standard has a “completely redesigned front, completely new bumpers, a completely redesigned rear, and different lights. It simply looks like a different car,” Thierig said at the launch. Regarding the planned price, the plant manager said: “It will be about ten percent cheaper than the current Model Y.”

Let’s do the math here. The current Model Y starts at $44,990 before destination charges. Ten percent of that number is $4,499. Subtract that from the car’s MSRP, and you get $40,491. This lines up with the $40,000 starting price rumored by several outlets already. The lowest I’ve seen reported is $39,990, by that Tesla fan page I mentioned earlier.

The ironic part about all of this is that up until recently, the current Model Y was actually cheaper than this new model, thanks to the $7,500 federal tax credit. Previously, you could’ve gotten a nicer Model Y for less money. But now, because of the disappearing incentive, you’ll be paying more for a car with less equipment.

Would You?

Screenshot 2025 10 07 At 12.28.07 pm
Tesla teased the new Model Y trim on Sunday by sharing a short video to X, revealing the car’s headlight design. Source: Tesla

It’s unclear right now whether Tesla will extend that $6,500 lease credit it came up with at the start of the month to owners of the cheaper Model Y. That would make the car way more palatable for buyers looking to save some cash. Because while $39,990 is certainly cheaper, it’s definitely not cheap. It’s also nowhere near that magical $25,000 mark promised by Musk all those years ago.

This begs the question: What would you be willing to pay for a stripped-out Model Y? I think that $35,000 mark is the sweet spot here; it would put the car right in line with cars like the Hyundai Kona Electric and the Chevrolet Equinox EV, two of the cheapest electric cars on the market. Otherwise, I don’t see a way to justify buying the Tesla over either of those cars (especially the Chevy, which gets over 300 miles of range).

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Robert K
Robert K
1 month ago

Only foot well lighting? No overhead lights at all? That’s just dumb. I think that should be the other way around.

PhilaWagon
PhilaWagon
1 month ago

I wouldn’t buy it for $40. This company is dead to me until Elon goes.

Canopysaurus
Canopysaurus
1 month ago

Do you like the Tesla Y?

I do not like the Tesla Y
I do not like that Elon guy

Would you buy it for 40K?

I would not buy it for 40k
I would not buy it anyway
I do not like the Tesla Y
I will not pay that Elon guy

Stef Schrader
Member
Stef Schrader
1 month ago
Reply to  Canopysaurus

COTDecade.

I will not make a garbage buy.
I do not like that Elon guy.

CRM114
Member
CRM114
1 month ago
Reply to  Stef Schrader

You’re not embarrassed as a journalist to put this up here? You don’t think you should even pretend to be neutral?

Cheats McCheats
Cheats McCheats
1 month ago
Reply to  CRM114

Journalists aren’t allowed opinions? Since when?

Data
Data
1 month ago

Fox “News” made an entire news network out of opinions, fabrications, and fanciful flights of imagination. Plus as far as I know, Stef doesn’t publish on The Autopian.

Stef Schrader
Member
Stef Schrader
1 month ago
Reply to  CRM114

As someone who has to follow this industry for work, I’m not embarrassed at all, nor should I be. We’re still allowed to a) chuckle at funny comments and b) form our own opinions on important figures in the industry.

My personal takes are not representative of any whole outlets I’ve ever worked with, and everyone I’ve ever worked with is also human, and thus, capable of forming their own takes on cars and important industry figures. It’s pretty impossible to remain opinionless on someone with this much influence over a given beat, and I wouldn’t expect anyone covering cars not to have an opinion on the guy. Yes, there are subjects and whole outlets where I have to stick to hard facts and let readers decide from hard reporting, and I’m perfectly capable of doing that, as are many of my professional peers who don’t always agree with me. This, however, is a comment section. It’s where the takes go.

Also, this stripped-down new model (now that the real one is revealed) is half-assed as hell. Even without thinking about Elon’s personal messes—like, pretend this thing has a piece of cheese for a badge instead and was made by a drama-free Gromit, Incorporated—it’s the laziest thing they could’ve come up with (especially the covered-up glass roof) and still lacks basic features like physical controls and a better UI that make a car easier to live with and safer to drive. Better options exist at that price point, and that IS my as-objective-and-detached-from-Elon’s-personal-life-as-possible take based on driving a bunch of these things.

Considering my personal thoughts on the guy himself, though: Tesla has long been a brilliant company in need of an adult, and I mean that in the business sense as well. It brought EVs into widespread adoption, but the company has to think about what’s next, and puppeteered robots and robotaxis trying to rely on inadequate sensors ain’t it. The car side (they’re a car company, remember?) needs to respond to the glut of competition now in the EV space with more competitive products people want to buy. Innovate again, not follow. Also, be way less sketchy about everything from Not Really Fully Self Driving failures to electronic door handles that trap folks in cars. Take accountability when there’s a serious problem and fix it ASAP. Don’t rush new products or features to market without adequately considering safety concerns. I don’t think Elon has the maturity to do these things, and that’s a personal opinion based on years of following this very company and the way it—and especially its main leader—responds to various corporate controversies and mishaps.

Have a nice day!

Last edited 1 month ago by Stef Schrader
CRM114
Member
CRM114
1 month ago
Reply to  Stef Schrader

Ok, that’s a reasonable take. Even if there is no Tesla without Elon, I agree that spinning off the car business and getting a new CEO would have been a good idea a while ago.
However, while I’m sure you have driven more late model EVs than I have, having driven a new Model Y, I’m incredulous that anyone could call it a “garbage buy.”

Stef Schrader
Member
Stef Schrader
1 month ago
Reply to  CRM114

The Model Y was…fine-ish when it debuted, but the single-screen controls are distracting/enraging, and the update feels like kind of a nothingburger aside from the improvements to its ride quality. So much of it feels like the same car with a nose that no longer looks like it matches, and at a time when other companies are catching up, it’s a big “that’s it?” from me.

There are other EVs now that aren’t shoving everything on a screen against all concerns over distracted driving and usability. Other companies that don’t by-default write off constructive criticism as “shorts” or “haters,” too, and that take it into account. Doubling down on Big Screen as competitors go “yo, we kept this as a button because it’s what the people want” is definitely a choice and not a good one.

For a budget vehicle, there are better-optioned/more livable models that are priced right around or undercut the stripper Model Y. You’ll forfeit some outright maximum range and power if you opt for a different lil’ EV, but you can get more comfort and convenience items that make a car more livable day-to-day. (Going to keep harping on real buttons and displays in front of the driver as the biggest ones for me. I’ve been in a Countryman EV this week and it’s only reaffirming my opinion that a single center screen is just distracting as hell, even when you start learning where the controls sit. Needless to say, it would not be my pick, either.)

Even if you try to look at the car in a vacuum, it’s impossible when the actions of the company’s head keep torpedoing resale values. That mismatch between many EV buyers’ values and what the head of the company (and the company itself, considering some of its labor/environmental issues) is doing and posting ends up affecting the basic/boring aspects of the vehicle that a lot of folks keep in mind when they’re buying a car. Personally, I don’t buy things for resale, but all there’s too many Resale Silver cars on the road for me not to also note that.

RC in CA
RC in CA
1 month ago
Reply to  Canopysaurus

Bloody bravo!

Michael Beranek
Michael Beranek
1 month ago

No.

Citrus
Citrus
1 month ago

I wouldn’t buy a Tesla for any dollars.

You can’t wash off the stink of a white supremacist.

Cody Pendant
Cody Pendant
1 month ago
Reply to  Citrus

Volkswagen and Porsche managed to

Alexk98
Member
Alexk98
1 month ago
Reply to  Cody Pendant

But VW/Porsche don’t currently have vocal far-right and unhinged CEOs

RC in CA
RC in CA
1 month ago
Reply to  Cody Pendant

German citizens admitted they let a problem get out of hand. They feel shame for it. They fixed it from becoming a problem again. What have we done?

Cody Pendant
Cody Pendant
1 month ago
Reply to  RC in CA

What have we done about what exactly? The millions of people that were never killed by Musk? Seems like what we’ve mostly done is freak out about a hand gesture

5VZ-F'Ever and Ever, Amen
Member
5VZ-F'Ever and Ever, Amen
1 month ago
Reply to  Cody Pendant

Touché! Good one

Citrus
Citrus
1 month ago
Reply to  Cody Pendant

The fact that you know to bring it up is proof that you can’t really wash the stink off.

Nsane In The MembraNe
Member
Nsane In The MembraNe
1 month ago

If Elon is CEO then the answer is NO

Bearddevil
Member
Bearddevil
1 month ago

Would I? Not just “No”, but “Hells naw, fool!” Hatefully designed UI, poor build quality, inflated insurance cost, inflated jellybean aesthetics, lousy ride quality, and the Tesla stigma. I don’t see an upside when there are so many better ways to spend $40K on an EV.

PresterJohn
Member
PresterJohn
1 month ago

Buying any EV new is silly. Especially now with the tax credit gone. Just pick up a used one at half price a couple years later – they depreciate worse than Korean luxury vehicles.

FormerTXJeepGuy
Member
FormerTXJeepGuy
1 month ago

You couldn’t pay me to drive a Tesla. And I can think of a ton of cars I’d rather drive for $40k.

Stef Schrader
Member
Stef Schrader
1 month ago

Every time I see a refreshed one on the road, I’m like…do you not realize that other companies make EVs now? Some of them have revolutionary things like buttons, multiple screens, and not being led by a fascist.

FormerTXJeepGuy
Member
FormerTXJeepGuy
1 month ago
Reply to  Stef Schrader

I saw a refreshed Y on the road the other day that had one of those “I bought this before Elon went crazy” stickers on it, and I was like NO YOU DIDNT, SHOULD HAVE BOUGHT THE PRE FACELIFT IF YOU WANT ME TO BELIEVE THAT

Stef Schrader
Member
Stef Schrader
1 month ago

Bless their hearts.

Alphalone
Alphalone
1 month ago

There was a refreshed 3 with those stickers owned by an acquaintance’s parents. He was stumped about Musk sudden behaviour. After the twitter shit, after the cave diver nonsense. After cozying up to trump. Don’t forget people are really really stupid.

Cheap Bastard
Member
Cheap Bastard
1 month ago

simplified fiberglass headlinersimplified cabin lighting (footwell only)simplified seat controls (single axis)no power mirror foldingno puddle lampsno glass roofno second row displayno tpmssimplified 18″ wheelsSo none of the things I care about, some of the things I do care about but can install myself cheaply AND more sidewall?

Yes. But for $20k. Or in 5 years at $10k (This IS the Autopian after all)

Eh, who am I kidding – $3k in 10 years.

“simplified seat controls (single axis)”

What the hell does that even mean? Just sliding back and forth with no tilt or height? What is this, 1950?

Last edited 1 month ago by Cheap Bastard
FormerTXJeepGuy
Member
FormerTXJeepGuy
1 month ago
Reply to  Cheap Bastard

it refers to who Tesla’s CEO wishes was in charge of the world.

Cheap Bastard
Member
Cheap Bastard
1 month ago

I thought that guy is ALREADY in charge of the world.

Beachbumberry
Member
Beachbumberry
1 month ago

Negative. Use low mileage y’s are less than that and have the things potentially lost with this.

That said, the front and rear fascia look better with that simplified look.

Andreas8088
Member
Andreas8088
1 month ago

Nope.
A: Would never buy anything that supports that waste of space, or make the statement that I support fascists.

B: Have found them really annoying to live with when I borrowed them. Plus watched a nightmare of someone trying to get repairs done from an accident which took MONTHS and a ton of headaches due to Tesla only approving a repair place 2 hours away.

TheSpaceCadet
Member
TheSpaceCadet
1 month ago

no….if they launched at $30-35k this would make some sense to me against the Equinox, Mach E, and the Ionic 5.

but at $40k it’s either more expensive and possibly worse equipped, or just worse equipped than the things it’ll be competing with and I can’t see it having a range that’s as good as the Model Y Long Range, they must be compromising some on the range and power.

we’ll know for sure once we have final specs.. but with Hyundai dropping prices for 2026 models.. the new Model Y “rental spec” seems to be headed for sales failure.

Last edited 1 month ago by TheSpaceCadet
Cheap Bastard
Member
Cheap Bastard
1 month ago

“Rumors of the mythical cheap Tesla stuck around until Musk squashed any plans of such a vehicle back in October, calling it “silly and pointless.”

Does that mean you won’t object to opening the floodgate to cheap and cheerful Chinese EVs?

Spikedlemon
Spikedlemon
1 month ago

No. These changes don’t help its case.

Give me some traditional controls without hiding behind menus, add a driver’s display pod for speed, toss the CEO, and maybe we’ll think about it.

The madness on the TPMS, however, is that it’s effectively a free feature. Use wheel rotation monitoring, which they would have intrinsically, and it gives you indirect TPMS.

El Chubbacabra
El Chubbacabra
1 month ago

Why would I? There are other European, hell – even Chinese alternatives that don’t look like making a statement, especially recently.

Weston
Weston
1 month ago

Not on my approved vendors list. At any price. Including free.

Beasy Mist
Member
Beasy Mist
1 month ago

Do what Chrysler did and call it Model Y America

LOL who the hell would buy this crap

Spikedlemon
Spikedlemon
1 month ago
Reply to  Beasy Mist

Final Fantasy USA Mystic Quest.

Pilotgrrl
Member
Pilotgrrl
1 month ago

No Swastikar for me.

Stryker_T
Member
Stryker_T
1 month ago

lol, no.

even besides the Elon reason, there are better and nicer looking EVs for the cost.

Last edited 1 month ago by Stryker_T
Gubbin
Member
Gubbin
1 month ago

Good lord no, but bless their hearts for trying.

DialMforMiata
Member
DialMforMiata
1 month ago
Reply to  Gubbin

If this is a Southern-style “bless their hearts”, then I wholeheartedly agree.

Stef Schrader
Member
Stef Schrader
1 month ago
Reply to  DialMforMiata

I mean, it certainly is coming out of my mouth.

Ricardo M
Member
Ricardo M
1 month ago

No. But I wouldn’t buy a fully-loaded Model Y for that price, either. How much is a quarter ton of lithium worth? I’d pay that much minus 20% to account for the work of driving it to the smelter.

DirtyDave
DirtyDave
1 month ago

Thought i would drop by and say ‘F*ck Elon’ and ‘Hell No!’ i will never purchase anything represented by him.

Frank butcher
Frank butcher
1 month ago

Tesla by Temu

Timbales
Timbales
1 month ago

Would You?
F*ck no, it’s still a Tesla

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