Why You Should And Shouldn't Buy The Tesla Model Y (2024)

Almost every single car has certain positive and negative attributes. Electric cars are no different in that regard. Therefore, we decided to assemble a series of articles focused on the pros and cons of numerous popular EVs that are sold in the U.S.

Tesla is currently theEV sales leader in the United States. In Q1 2022, Tesla delivered 113,882 cars in the US, resulting in a 75% EV market share.In fact, every one of Tesla's models made it to the top 10 list of EVs sold here.

However, with more affordable and newer entries heading to the market, the Tesla Model Y faces more competition than ever, so is it worth it in 2022? What are the main reasons to buy or not to buy the crossover electric Tesla Model Y? Let's lay it all out.

Pro: Range

Why You Should And Shouldn't Buy The Tesla Model Y (1)

While Teslas are notorious fornot achieving their EPA ranges in real-world highway tests, the Model Y still has plenty of range for most daily driving and even road trips.

The EPA rates the 2022 Tesla Model Y Long Range at 330 miles and the Performance at 303 miles. With our calculations from previous tests, we think it's fair to see around 290 miles in the Long Range and 265 in the Performance for 70-mph highway driving. Still, 290 miles can get you from Orlando to Miami with over 50 miles to spare.

  • Hyundai IONIQ 5 Range: 220 to 303 miles
  • Ford Mustang Mach-E Range: 224 to 314 miles
  • Kia EV6 Range: 232 to 310 miles
  • Volkswagen ID.4: 240 to 260 miles

More Range Figures

Pro: Software and OTA Updates

Why You Should And Shouldn't Buy The Tesla Model Y (3)

Unlike other legacy automakers hoping to be masters of software, Tesla seems to be one of just a few that can pull software updates off well. Tesla regularly releases updates, nearly on a monthly basis, providing an array of new features and goodies. For instance, Tesla has updated its vehicles to include convenient features like cabin overheat protection and better traffic and environment visualizations for Autopilot.

Pro: Supercharging Network

Why You Should And Shouldn't Buy The Tesla Model Y (4)

Possibly Tesla's strongest attribute is its excellent charging network. Superchargers are incredibly reliable, intuitive, and relatively inexpensive. Tesla has over 1,400 stations around the United States, and each is home to a few or dozens (some sites have over 50, but the average is 10.2 per site) of charging stalls.

Tesla has also almost flawlessly integrated the Supercharging network into the on-screen infotainment, and it can plan routes that save time. Besides showing drivers how many individual chargers are active, the system can also incorporate the duration at each station, as hopping to chargers at lower battery percentages is more advantageous than just staying at one.

The Electrify America network (the second largest in the U.S.) continues its rapid growth and in about three and a half years had 800 charging stations and roughly 3,500 individual ultra-fast chargers open or with construction completed as of Q1 2022. Those numbers are higher now, but still short of Tesla's count. However, Electrify America has high marks when it comes to its network too.

Pro: Performance

Why You Should And Shouldn't Buy The Tesla Model Y (5)

The Tesla Model Y Dual Motor Long Range can accelerate to sixty in 4.8 seconds, and the Performance version can reach the mark in just 3.5 seconds, according to Tesla. Those figures place the Model Y near the lead in the electric SUV category. Tesla's traction control is solid, so it can easily handle wet and snowy roads.

Some competitive models are listed below (note: 0-60 mph times vary based on trims):

  • Hyundai IONIQ 5 0-60 MPH: 5 - ~ 8 seconds
  • Ford Mustang Mach-E 0-60 MPH: 3.5 - 6.1 seconds
  • Kia EV6 0-60 MPH: 5.1 - 8.0 seconds
  • Volkswagen ID.4: 5.7 - 7.8 seconds

Electric Car Acceleration Compared

Electric Cars 0-60 MPH Acceleration Comparison (US): Feb 14, 2022

Pro: Safety

Why You Should And Shouldn't Buy The Tesla Model Y (7)

While Tesla's Full-Self Driving isn't really 'full-self driving,' the Texas-based OEM still offers an exceptional array of safety features. Sure, some features like Summon seem a bit glitchy or even half-baked, but the base Autopilot system is an essential feature for reduced stress driving. Plus, with Tesla's incredible vehicular structure safety ratings, the Model Y can likely stay better intact in rollover scenarios versus similar vehicles.

Tesla Safety Scores Are Insanely High

How Did The Tesla Model 3 Become The World's Safest Car?

Tesla Highlights Its Efforts To Produce Incredibly Safe Vehicles

Con: Recent Price Increases

Why You Should And Shouldn't Buy The Tesla Model Y (10)

Since the $39,990 Model Y Standard Range RWD was discontinued, the new 'entry-level' model is the Long Range Dual Motor AWD*. It now starts at $65,990, a $17,000 premium over the Dual Motor's price around a year and a half ago. The Performance's pricing has also increased to $69,990 from $59,990. These are massive price increases for what are the same cars. Elon Musk even considers these prices to be embarrassing and notes that prices may decrease once inflation subsides, so maybe now is not the time to buy a Model Y.

Additionally, the Model Y is not eligible for the $7,500 federal tax credit, while the vehicles listed below still are.

  • Hyundai IONIQ 5 pricing: $39,700 - $54,500
  • Ford Mustang Mach-E pricing: 43,895 - $67,995
  • Kia EV6 pricing: $40,900 - $58,500
  • Volkswagen ID.4 pricing: $40,760 - $48,940

Con: Lengthy Lead Times

Why You Should And Shouldn't Buy The Tesla Model Y (11)

Due to increased demand and some supply chain issues, the Model Y's lead times are pretty long. Buyers opting in for the base Long Range AWD model should expect a delivery time of April through July of 2023. Upgrade to the 20" wheels, and the delivery date shortens to January through April 2023.

If you want to take delivery of a Model Y this year, buyers should order the Performance variant as that will guarantee a delivery date of 1 to 3 months.

We should note that several other popular electric vehicles are sold out for all of 2022 too and that there are notable production constraints affecting other EVs that are in the same class as the Model Y.


*The Made-in-Texas Standard Range Dual Motor is not yet widely available.

Stick with us as this is an ongoing series in which we will highlight the pros and cons of a wide variety of popular electric vehicles.

More Model Y Buying Advice

⠀ Tesla Model Y Long-Term Review After 40,000 Miles And 2 Years

⠀ Tesla Model Y Performance: 6-Month Ownership Review

Why You Should And Shouldn't Buy The Tesla Model Y (2024)

FAQs

What are the negatives of owning a Tesla? ›

Maintenance and Insurance Costs

Later down the road, you may also have to replace the battery, which can cost up to $16,000. However, Tesla batteries come with an eight year/150,000-mile warranty. With these high repair costs come potentially high insurance premiums.

What is the advantage of Tesla Model Y? ›

The Model Y is also one of the fastest-charging electric cars on sale in dual motor form, while Tesla's battery efficiency is impressive. This, combined with the excellent Supercharger network, means the Model Y is ideal for those who do regular longer journeys.

Why Tesla reduced price for Model Y? ›

Price reductions after sales misses

The company blamed its misses on "the early phase of the production ramp of the updated Model 3" at its Fremont factory in California and "factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory Berlin."

Is Tesla Model Y selling well? ›

Sales of the Tesla Model Y totaled 1.22 million units globally, up by 64% from 2022, or 480,000 more units than 2021—a result achieved by no other manufacturer before. Consequently, the Model Y managed to outsell traditional global top-sellers like Toyota's RAV4 and Corolla sedan.

What is the downfall of buying a Tesla? ›

Generally speaking, they lose value over time and you'll rarely recoup your purchase costs if and when you want to resell them. Most new cars lose about 20% of their retail value in the first year of ownership, according to Kelley Blue Book. Electric cars, and Teslas specifically, may depreciate even faster.

What are the cons of investing in Tesla? ›

  • Tesla Cars Are Too Expensive.
  • Tesla Could Run Out of Batteries.
  • Low Gas Prices.
  • Electric Vehicle Competition.
  • Unability to Recoup Expenditures.
  • A Controversial, Part-Time CEO.

Why do people like Tesla Model Y? ›

The Model Y is a stylish and roomy electric SUV with strong appeal. Of the two versions, we prefer the Long Range. It lacks the crazy acceleration of the Performance but is still pleasingly quick. It's also smoother-riding and a better value.

How many miles will a Model Y last? ›

You can expect your Model Y to live 300,000-500,000 miles if you take excellent care of the vehicle. This detailing means inside and out - the exterior design of the Model Y is problematic for many owners. The sooner you act with your car, the more life it will provide.

Which Tesla is better 3 or Y? ›

The Model 3 Long Range also has slighly better range than the Model Y Long Range. The standard Model Y has slightly better than the standard Model 3, though. Price: The Model Y is generally more expensive than the Model 3, reflecting its larger size and additional features like available third-row seating.

Will Tesla Model Y prices go down in 2024? ›

Just a few weeks into the second quarter of 2024, Tesla has decided to reduce the prices of three of its electric cars—Model S, Model X and Model Y—by $2,000 in the U.S. It now brings the Model Y alone to its lowest price ever.

Is Tesla discontinuing Model Y? ›

The entry-level Tesla Model Y RWD has been discontinued in the U.S., as the manufacturer launched a Long-Range RWD version of the car. This move has been accompanied by an announcement that the discontinued Tesla Model Y RWD will get a special range boost option, pending regulatory approvals.

Why are Tesla cars losing value? ›

Pre-owned Teslas are trading at lower sticker prices as the company fights to regain its dominance in the suddenly crowded EV market. “This was a natural development as more competitors entered the market. Car shoppers can now choose EVs from Ford, Hyundai, Kia, Audi, Volkswagen and others,” said CNN Business.

What is the #1 selling car in the world? ›

Best-selling car models worldwide in 2023

The Tesla Model Y was the best-selling car model in 2023, topping 1.15 million sales. It was followed closely by the Toyota Corolla. Overall global car sales grew to roughly 75.3 million units in 2023, up from 67.3 million in 2022.

What is the most popular Tesla color? ›

Cost: No cost (default colour) Available On: All models White is the most common colour you'll spot people driving a Tesla in. This is because the Pearl White colour is the only colour available free of cost on a Tesla Model Y.

Which Tesla model sells best? ›

The Tesla Model Y has taken the top spot on the sales chart, outselling the Corolla in 2023 as the world's most popular passenger car – the first time in history for an electric car.

What are the negative effects of Tesla? ›

Around 40-50% of GHGs produced making an EV are due to the batteries. Producing the battery for a Tesla generates between 5,291 and 35,273 pounds of CO2 emissions. That's about three times higher than the emissions to manufacture a gas-powered car.

What is the main problem with Tesla? ›

5 min. Tesla was hoping to produce 5,000 new Model 3 electric cars each week in 2018. So far, it has failed to manufacture even half that number.

Do Teslas last a long time? ›

What is the life expectancy of a Tesla car? The life expectancy of a Tesla car can vary, but many Tesla owners report their vehicles lasting well over a decade with proper maintenance. Tesla's battery and drive unit warranty usually spans 8 years or a specified mileage limit, which can offer a useful guideline.

How much does it cost to replace a Tesla battery? ›

The cost of a new Tesla battery ranges from $5,000 to $20,000, and you'll need to replace the battery every 10–20 years. The in-demand minerals required to make electric vehicle batteries — such as nickel, cobalt, and lithium — contribute to their high cost.

References

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