A Brand-New Tesla Model Y Now Costs Under $23,000 — Here's Where

Summary of Main Points

• Tokyo, Japan has the cheapest new Tesla Model Y: the video claims a brand-new Model Y can cost under $23,000 (about 33,000 AUD), described as the lowest Tesla Model Y price in the world.

• Why Japan (and Tokyo) are so much cheaper: three factors are cited:

  1. Base Tesla pricing in Japan is already lower (around $35,000).
  2. Government + Tokyo subsidies/discounts reduce the price by about $12,700 USD (18,000 AUD).
  3. Currency effects: the yen has fallen sharply, and Tesla reportedly did not fully raise prices to offset the yen decline—making the car cheaper when converted to dollars.

• Japan’s EV demand is rising quickly: the Model Y is said to be the most imported car of any type in Japan in the first half of the year, with Tesla sales in 2026 reportedly already surpassing all of last year, even including gasoline cars.

• Other “cheaper-than-most” markets mentioned:

  • Seoul, South Korea: a simplified Model 3 launched in January is around $28,000, and with local subsidies drops to nearly $26,000.
  • Canada: Model Y around $35,000, reduced to about $32,000 after a federal rebate.

• Price comparisons show big global gaps:

  • The video notes Tesla pricing has almost halved compared to last year’s tariff war.
  • China: about $39,000.
  • United States: about $40,000, with prices said to have risen slightly after the federal tax credit was eliminated.
  • Australia: about $58,900 (excluding travel costs). The cheaper base version isn’t sold there, so it’s characterized as “not as bad,” though still expensive.
  • United Kingdom: about $56,000—framed as notably higher than Japan.
  • Singapore: extremely high (over $150,000), attributed to road/permit costs that exceed the car’s price.

• A key “same factory, different outcome” point: Tokyo and Singapore are described as receiving cars from the same Shanghai factory, but different government policies lead to drastically different consumer prices.

Presenters / Contributors

• No specific on-screen presenter is named in the subtitles.
• The speaker appears to be the channel creator/host, the same person who discusses the channel’s translation into multiple languages.