With the release of the latest Model Y, Tesla has iteratively improved an already great EV that will surely capture the attention of new car buyers. If this sounds like you, there are compelling reasons to reconsider your new car purchase.

Tesla will launch the Performance variant of its refreshed Model Y later in the year, company executive Lars Moravy said in an interview.

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.