Tesla Raises 2027 Model Y Prices, Adds 6-Passenger Model Y L

Tesla has raised prices on two trims of the 2027 Model Y and added a longer version called the Model Y L, according to a Forbes review of the new model year. Premium versions cost $1,000 more, and the Performance trim costs $500 more.

The Model Y L is a 6-passenger crossover with a third row that Forbes describes as usable by adults. Its Premium Launch Series starts at about $62,000.

2027 Model Y prices by trim

Forbes calls the standard Model Y lineup mostly a carryover year, following a significant refresh for the 2026 model year. The prices it lists:

• Standard rear-wheel drive: starts at $41,380.
• Premium rear-wheel drive: $45,990, up $1,000.
• Premium all-wheel drive: $49,990, up $1,000.
• Performance: $59,380, up $500.

What the Model Y L changes

The Model Y L has a wheelbase (the distance between the front and rear axles) stretched by 5.9 inches. The whole vehicle is 7 inches longer than the standard Model Y. Forbes says the extra length adds room in the cabin.

The second-row bench is replaced by two power-adjustable, heated and ventilated captain’s chairs. Forbes contrasts this with the three-row layout available on the standard Model Y, which it calls cramped.

Cargo capacity rises from about 76 cubic feet to nearly 90 cubic feet. The battery is an 83 kWh NMCA pack, with an estimated range of up to 332 miles. Dual-motor all-wheel drive is standard.

The cabin gets a larger 16.0-inch main touchscreen, 8.0-inch touchscreens for second-row passengers and an 18-speaker audio system.

How the Model Y compares with rivals

Forbes names the Hyundai Ioniq 5, Kia EV6, Ford Mustang Mach-E and Rivian R2 as the models shoppers most often compare with the Model Y. According to the review, the Hyundai and Kia can recharge faster than the Tesla under suitable charging conditions. The Ioniq 5 also has a Tesla-style NACS charging port and Supercharger access. The Mach-E has a traditional dashboard with an instrument cluster most drivers will find familiar, and Ford has a dealership network across all 50 states. Forbes says the R2 offers conventional SUV styling and off-road ability that no Model Y variant matches.

On energy use, Forbes cites Edmunds testing in which the Model Y consumes roughly 24 kWh per 100 miles, while the Rivian R2 draws 32 kWh per 100 miles. Forbes says Tesla’s charging network was once an exclusive advantage and no longer is.

Resale value of the Model Y

An iSeeCars study from 2026 found that five-year-old Model Ys had lost 57.8% of their inflation-adjusted original MSRP (the manufacturer’s suggested retail price). The same study put the figure at 57.2% for EVs overall and 41.8% for all vehicles, including gas and hybrid models. The Model Y fared better than the Mustang Mach-E and Volkswagen ID.4 in that comparison. Forbes notes that past figures do not guarantee future values.

What this means for buyers

Buyers of a Premium trim pay $1,000 more than before, and Performance buyers pay $500 more. The Model Y L opens a six-seat option that starts at about $62,000 in its Premium Launch Series, above the $59,380 Performance price. Forbes, which says the Model Y has been on the market for seven years, concludes that the competition is closing in.

Source: YAHOO!