Tesla often introduces new products with a “Launch Edition,” which typically features unique upgrades and options exclusive to the first 1,000 or so vehicles off the production line. The new Model Y’s Launch Edition costs $59,990, which is $4,000 more than a similarly equipped Long Range All-Wheel Drive model.

Tesla executives talked about new Model Y 'Juniper' variants on Monday. The new models are expected to be less expensive than the current Launch edition

A Performance version and even a 7-seater version will be available later this year. This was announced by Tesla executives Lars Moravy and Franz von Holzhausen. What the Model Y

If any Tesla has become ubiquitous, it’s the Model Y, the company’s most affordable SUV. Boasting a spacious cabin and enough range to make it an easy choice as a daily driver, the Model Y benefits from the company’s constant over-the-air updates aimed at making the car better than when you first bought it.

Tesla executives talked about the new Model Y in two videos this past week and listed many of the new features in an X post. The new Y is available to order in the U.S. but is only offered – at the moment – as a high-priced launch edition.