Expect versions mentioned by Moravy to become available priced way below the Launch edition. As a benchmark, pricing for the current (non-Juniper) RWD Model Y in the U.S. starts at $44,990 before federal tax credit and $37,490 with the credit (before taxes and fees). And $47,990 and $40,490, respectively, for the AWD 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.

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

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

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 plans to launch the Performance and seven-seater variants of its best-selling Model Y later this year. The automaker is tight-lipped about what to expect, but the launch of the Model 3 Performance hints at what might change between trims.