US EditionTesla prices Model Y standard below $40,000, debuting more affordable vehicle
Tesla introduced lower-priced Standard versions of Model Y and Model 3 to address lost $7,500 US federal tax credit and rising competition, aiming to boost sales with 321 miles of range each.
- Tesla revealed new, lower prices for the Model Y at $39,990 and the Model 3 at $36,990, amid falling sales and market share competition.
- Tesla shares dropped 2.1% on the same day it announced the cheaper Model Y, according to reports.
- Elon Musk indicated that the desire to buy cars remains high but noted affordability issues for potential buyers, stating, 'the more affordable we can make the car, the better.'
- Tesla aims to roll out more affordable vehicles as part of a strategy to reach 20 million vehicle sales over the next decade.
206 Articles
206 Articles
Tesla has introduced the Model Y Standard and Model 3 Standard, two new entry-level variants that bring down the price of electric cars. Especially in the crossover, you can immediately recognize the cheapest version.
Tesla launches new Model Y and Model 3 as Elon Musk scrambles to boost sales - 'Not for the people!'
Tesla has finally unveiled two new low-cost electric car models designed to compete with some of the largest manufacturers in the world as it loses its grip on the best-selling EV brand.Following a recent downturn in sales over the last year, Tesla is aiming to reclaim its title as the world's leading manufacturer of electric vehicles.While drivers have been swayed by growing competition in the EV market, cheaper alternatives or CEO Elon Musk's …
The ambition seems clear: everyone will soon be driving a Tesla. At least, that's what their newly introduced model in America seems to suggest. The new electric car is called the Tesla Model Y Standard, the base version of the Model Y, and therefore also the most affordable.
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