US EditionTesla prices Model Y standard below $40,000, debuting more affordable vehicle
Tesla aims to boost sales amid rising competition by launching Model Y and Model 3 Standard versions priced under $40,000 without the $7,500 US federal EV tax credit, offering 321 miles range.
- Tesla introduced new versions of the Model 3 and Model Y, with prices set at $36,990 and $39,990 respectively, aiming to increase sales.
- The Model Y Standard features a shorter 321-mile range, fewer audio speakers, and a fabric interior, omitting luxuries found in previous models.
- Tesla's stock fell by 3% after this announcement, indicating investor concern despite record quarterly sales.
- CEO Elon Musk previously stated that affordability is key for electric vehicle adoption.
171 Articles
171 Articles
Chinese car fans are weighing in on Elon Musk’s new affordable offerings: ‘Beggar model’ Tesla
“The beggar’s version of Tesla’s Model Y costs 230,000 yuan. Will you buy it?” one user wrote in a post on Weibo on Tuesday. CFOTO/Future Publishing via Getty Images Chinese social media users are split on Tesla’s new “affordable” offerings. The “Model Y Standard” and “Model 3 Standard” are about 10% cheaper than their premium versions. “I have no idea who Tesla is trying to sell to,” one user wrote on Weibo, a Twitter-like platform. Chinese so…
‘Affordable’ Model Y and 3: Tesla drops Steve Jobs turtleneck for Walmart hoodie
Tesla rolled out “affordable” versions of its bestselling Model Y SUV and its Model 3 sedan, but the starting prices of US$39,990 and US$36,990 were too high, some said, to attract a new class of buyers to the electric vehicle (EV) brand. CEO Elon Musk has touted the car as a way to tap a wider swathe of buyers, saying last year that a price below US$30,000, after incentives, was the key. Tesla is trying to reverse falling sales of its ageing li…
The expiry of the U.S. purchase premium has recently brought Tesla a sales boom. However, it is likely to ebb off. Against a fall in sales, the e-car pioneer is now presenting slim-down cheap variants of his models Y and 3. Analysts are critical of the move.
Tesla Launches Cheaper Versions of Model 3, Model Y Days After EV Tax Credit Ends
A week after a substantial federal tax incentive for purchasing electric vehicles (EVs) expired, Tesla unveiled two more affordable vehicles at less than half the cost of its popular Model X and Model S. Buyers rushing to capitalize on the $7,500 tax credit before it expired on Sept. 30 pushed EV sales to record highs in September at Tesla, General Motors, and Ford. It remains to be seen how sales of EVs will play out in the final quarter of the…
Tesla's Affordable Range: A Controversial Expansion into Mass Market
Tesla's Affordable Range: A Controversial Expansion into Mass Market Tesla has introduced more affordable versions of its Model Y SUV and Model 3 sedan in an effort to widen its customer base. The new models, though less expensive than their predecessors, still carry steeper price tags—$39,990 and $36,990—that raise doubts about their potential to attract new buyers.Amid intensifying competition in Europe and China, and the loss of a crucial $7,…
The expiry of the US electric car award has finally brought Tesla a sales record. For the time after that there are now somewhat cheaper models with less in them.
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