Tesla reveals slightly cheaper ‘standard’ versions of the Model 3 and Model Y

Tesla has introduced more affordable “Standard” versions of its Model 3 sedan and Model Y SUV, priced at $36,990 and $39,990 respectively. These new variants offer an estimated range of 321 miles per charge but come with fewer features compared to the higher-end rear-wheel or all-wheel drive models. The move aims to stimulate growth following a decline in Tesla’s sales during 2024. Despite initial expectations fueled by CEO Elon Musk’s earlier hints at a $25,000 Tesla, the new models do not reach that price point or even fall below the $35,000 threshold that Tesla had promoted around the Model 3’s original 2016 launch. The $35,000 price was largely symbolic and rarely available as an ordering option. Tesla’s release of these “Standard” versions reflects a strategic effort to offer more accessible vehicles while balancing cost and features. The story is ongoing, with further details expected.