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.

This is what the auto industry calls a mid-cycle refresh — cosmetic and tech updates meant to keep an aging model competitive.

Tesla Model Y arrives with a sleek redesign, enhanced comfort, and performance upgrades. With new lighting and a rear screen, it's more attractive and functional than ever. But is the upgrade worth it,

The Model Y is also seven inches taller and two inches longer overall. Both vehicles seat 5, but rear passengers will be far more comfortable in the Model Y. If you really need to pack people in, the Model Y Long-Range AWD model has a third-row option for two extra seats.

"If it’s too rich for your taste, just hold on for the full range to be released later in the year!" This next-gen Tesla model is officially available — here's when it will hit US roadways first appeared on The Cool Down.

Looking for a long-range EV SUV? The Tesla Model Y and Hyundai Ioniq 5 are two great choices. But which is the better one?