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Tesla discounts U.S. Model Y inventory ahead of refresh launch

(Credit: Tesla)

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Tesla appears to be preparing to launch its new Model Y units in North America, as substantial discounts on legacy Model Y inventory units have gone live.

After Tesla launched the highly anticipated Model Y refresh in the Asia-Pacific and European markets earlier this month, many have been wondering when the company will debut the vehicle in the U.S. and Canada. The redesign is expected by some to launch in Tesla’s home market in the coming weeks, and recent discounts on inventory units of the legacy Model Y in both the U.S. and Canada suggest that this may be right.

This week, Tesla launched price cuts of up to $4,120 on inventory Model Y units in the U.S. and Canada, as seen on the company’s website. At the time of writing, the company is offering a variety of discounts in areas across both countries, a move that is commonly used to clear out inventory to make way for upcoming refresh versions.

At the time of writing, we were able to find Model Y units with discounts ranging from $960 to $2,500, with multiple Long Range AWD trim options getting the max price reduction. Prior to the inclusion of local tax credits and the $7,500 electric vehicle (EV) tax credit, the latter of which is widely expected to go away under the incoming Trump administration, some LR AWD units are selling for a starting price of $47,490, despite also including add-ons such as Quicksilver or Ultra Red paint or induction wheels.

For the Performance trim, we were able to find a few upgraded units with discounts of $4,120, with prices dropping as low as $47,370 before credits. As such, this could be a good time to pick up the legacy Model Y ahead of the refresh launch, especially if you’re looking for something full spec at the base price. When considering the tax credit, some of these AWD LR units saw their prices drop to as low as $39,990 with upgrades, or as low as $37,490 for the RWD configuration.

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For example, Tesla has been offering inventory discounts on its legacy Model Y in China in recent weeks, even still offering many since the vehicle’s launch, and prior to its debut, the company was also offering a wide range of promotions on the vehicle. During the company’s launch of the refreshed Model 3 in 2023 and 2024, Tesla also launched significant legacy Model 3 discounts in the U.S. in the months leading up to the North America debut, when it had already launched in the Asia-Pacific, Europe and Middle East markets.

Credit: Tesla

READ MORE ON TESLA MODEL Y REFRESH: Tesla’s refreshed Model Y design should make repairing this part easier

Tesla’s new Model Y: lightbars, front-facing camera and more

Sightings of Tesla’s new Model Y have been spotted since as early as mid-2024, and sightings have been increasing significantly over the past several weeks leading up to the launch in other markets. Before the official launch, many correctly speculated that covered versions of the model appeared to include lightbars on both the front and rear bumpers, as opposed to the more traditional headlights and taillights that can be found on the legacy models.

Tesla also added a front-facing camera to the new Model Y, which offers a wider field of view for its semi-automated features such as Autopilot, Actually Smart Summon and Supervised Full Self-Driving (FSD), which is expected to launch in China sometime this year. It’s not exactly clear just yet when Tesla plans to launch the new Model Y in the U.S. or Canada, though we wouldn’t be surprised to see it launch as soon as this month—especially with some of these massive discounts going live.

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Tesla builds first Model Y ‘Juniper’ at Giga Berlin

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Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

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Tesla CEO Elon Musk confirms Robotaxi safety monitor removal in Austin: here’s when

Musk has made the claim about removing Safety Monitors from Tesla Robotaxi vehicles in Austin three times this year, once in September, once in October, and once in November.

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Credit: @AdanGuajardo/X

Tesla CEO Elon Musk confirmed on Tuesday at the xAI Hackathon that the company would be removing Safety Monitors from Robotaxis in Austin in just three weeks.

This would meet Musk’s timeline from earlier this year, as he has said on several occasions that Tesla Robotaxis would have no supervision in Austin by the end of 2025.

On Tuesday, Musk said:

“Unsupervised is pretty much solved at this point. So there will be Tesla Robotaxis operating in Austin with no one in them. Not even anyone in the passenger seat in about three weeks.”

Musk has made the claim about removing Safety Monitors from Tesla Robotaxi vehicles in Austin three times this year, once in September, once in October, and once in November.

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In September, he said:

“Should be no safety driver by end of year.”

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On the Q3 Earnings Call in October, he said:

“We are expecting ot have no safety drivers in at least large parts of Austin by the end of this year.”

Finally, in November, he reiterated the timeline in a public statement at the Shareholder Meeting:

“I expect Robotaxis to operate without safety drivers in large parts of Austin this year.”

Currently, Tesla uses Safety Monitors in Austin in the passenger’s seat on local roads. They will sit in the driver’s seat for highway routes. In the Bay Area ride-hailing operation, there is always a Safety Monitor in the driver’s seat.

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Three weeks would deliver on the end-of-year promise, cutting it close, beating it by just two days. However, it would be a tremendous leap forward in the Robotaxi program, and would shut the mouths of many skeptics who state the current iteration is no different than having an Uber.

Tesla has also expanded its Robotaxi fleet this year, but the company has not given exact figures. Once it expands its fleet, even more progress will be made in Tesla’s self-driving efforts.

Tesla expands Robotaxi geofence, but not the garage

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SpaceX reportedly mulling IPO, eyeing largest of all time: report

“I do want to try to figure out some way for Tesla shareholders to participate in SpaceX. I’ve been giving a lot of thought to how to give people access to SpaceX stock,” Musk said.

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Credit: SpaceX

SpaceX is reportedly mulling an initial public offering, eyeing what would be the largest valuation at the time of availability of all time, a new report from Bloomberg said on Tuesday.

It is one of many reports involving one of Elon Musk’s companies and a massive market move, as this is not the first time we have seen reports of an IPO by SpaceX. Musk himself has also dispelled other reports in the past of a similar nature, including an xAI funding round.

SpaceX and Musk have yet to comment on the report. In the past, untrue reports were promptly replied to by the CEO; this has not yet gained any response, which is a good sign in terms of credibility.

However, he said just a few days ago that stories of this nature are inaccurate:

“There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate. SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors. Valuation increments are a function of progress with Starship and Starlink and securing global direct-to-cell spectrum that greatly increases our addressable market. And one other thing that is arguably most significant by far.”

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Musk has discussed a potential IPO for SpaceX in recent months, as the November 6 shareholder meeting, as he commented on the “downsides” of having a public company, like litigation exposure, quarterly reporting pressures, and other inconveniences.

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Nevertheless, Musk has also said he wants there to be a way for Tesla shareholders to get in on the action. At the meeting in early November, he said:

“I do want to try to figure out some way for Tesla shareholders to participate in SpaceX. I’ve been giving a lot of thought to how to give people access to SpaceX stock.”

Additionally, he added:

“Maybe at some point., SpaceX should become a public company despite all the downsides of being public.”

Musk has been historically reluctant to take SpaceX public, at times stating it could become a barrier to colonizing Mars. That does not mean it will not happen.

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Bloomberg’s report cites multiple unidentified sources who are familiar with the matter. They indicate to the publication that SpaceX wants to go public in mid-to-late 2026, and it wants to raise $30 billion at a valuation of around $1.5 trillion.

This is not the first time SpaceX has discussed an IPO; we reported on it nine years ago. We hope it is true, as the community has spoken for a long time about having access to SpaceX stock. Legendary investor Ron Baron is one of the lucky few to be a SpaceX investor, and said it, along with Tesla, is a “lifetime investment.”

Tesla bull Ron Baron reveals $100M SpaceX investment, sees 3-5x return on TSLA

The primary driver of SpaceX’s value is Starlink, the company’s satellite internet service. Starlink contributes 60-70 percent of SpaceX’s revenue, meaning it is the primary value engine. Launch services, like Falcon 9 contracts, and the development of Starship, also play supporting roles.

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SpaceX reaches incredible milestone with Starlink program

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Credit: SpaceX

SpaceX reached an incredible milestone with its Starlink program with a launch last night, as the 3,000th satellite of the year was launched into low Earth orbit.

On Monday, SpaceX also achieved its 32nd flight with a single Falcon 9 rocket from NASA’s Kennedy Space Center.

The mission was Starlink 6-92, and it utilized the Falcon 9 B1067 for the 32nd time this year, the most-used Falcon booster. The flight delivered SpaceX’s 3000th Starlink satellite of the year, a massive achievement.

There were 29 Starlink satellites launched and deployed into LEO during this particular mission:

SpaceX has a current goal of certifying its Falcon boosters for 40 missions apiece, according to Spaceflight Now.

The flight was the 350th orbital launch from the nearby SLC-40, and the 3,000 satellites that have been successfully launched this year continue to contribute to the company’s goal of having 12,000 satellites contributing to global internet coverage.

There are over five million users of Starlink, the latest data shows.

Following the launch and stage separation, the Falcon 9 booster completed its mission with a perfect landing on the ‘Just Read the Instructions’ droneship.

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The mission was the 575th overall Falcon 9 launch, highlighting SpaceX’s operational tempo, which continues to be accelerated. The company averages two missions per week, and underscores CEO Elon Musk’s vision of a multi-planetary future, where reliable connectivity is crucial for remote work, education, and emergency response.

As Starlink expands and works toward that elusive and crucial 12,000 satellite goal, missions like 6-92 pave the way for innovations in telecommunications and enable more internet access to people across the globe.

With regulatory approvals in over 100 countries and millions of current subscribers, SpaceX continues to democratize space, proving that reusability is not just feasible, but it’s also revolutionary.

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