Categories: Technology

Tesla unveils slightly cheaper “standard” versions of Model 3 and Model Y

Tesla spent more than a year announcing that “more affordable models” of its vehicles were on the way, and on Tuesday the company finally revealed them. The company now sells a simpler version of the Model 3 sedan and Model Y SUV, which start at $36,990 and $39,990, respectively.

The new versions, each dubbed “Standard,” have an estimated range of 321 miles on a full battery and come with fewer features than more premium rear- or all-wheel-drive variants.

The release of the cheaper models aims to help Tesla return to growth after seeing sales decline in 2024. Prices aren’t as low as some might have hoped, especially since CEO Elon Musk once teased the idea of ​​a $25,000 Tesla — before ultimately killing that project.

The new Model 3 doesn’t even drop below the $35,000 price threshold Tesla promoted before the car’s launch in 2016. That sticker price, which helped put Tesla on the map, was never really offered, except for a few months as an off-menu ordering option.

This story is developing…

Source link

James Walker

James Walker – Technology Correspondent Writes about AI, Apple, Google, and emerging innovations.

Recent Posts

NBA annual survey says Thunder will repeat, Nuggets’ Jokic as MVP

Tim BontempsOctober 9, 2025, 11:46 a.m. ETCloseTim Bontemps is a senior NBA writer for ESPN.com who covers the league and…

3 weeks ago

Donald Trump to present Ben Carson with the Presidential Medal of Freedom

Former Secretary of Housing and Urban Development Dr. Ben Carson, recently named National Nutrition Advisor at the U.S. Department of…

3 weeks ago

Federal health insurance premiums will see another significant increase in 2026

Federal employees and annuitants are heading into another year of sharp increases in their health insurance premiums, both under the…

3 weeks ago

Drake’s Lawsuit Against Kendrick Lamar’s ‘Not Like Us’ Dismissed by Judge

A federal judge on Thursday (Oct. 9) dismissed Drake's defamation lawsuit against Universal Music Group over Kendrick Lamar's "Not Like…

3 weeks ago

10/9: CBS Morning News – CBS News

10/9: CBS Morning News - CBS News Watch CBS News Israel and Hamas agree to first phase of Gaza peace…

3 weeks ago

Letitia James, who sued Trump, indicted for alleged bank fraud: NPR

New York Attorney General Letitia James speaks during a news conference January 8, 2025 in New York. Michael M. Santiago/Getty…

3 weeks ago