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Isn't model Y also 1.5 times more expensive compared to its equivalent competitors like the Ford EV SUV and Id4?

I don't know about the US, but here in the UK an ID.4 GTX is £55k if you want a heat pump and not in flat primer grey.

A Model Y long range which is faster (by 1.4s to 60mph) and has better range is £2k cheaper.