Tesla unveils cheaper versions of its Model 3 and Model Y2025-10-07 16:14 by DanielaTags: Tesla
Tesla has unveiled the long-promised cheaper versions of its two main cars, dubbed the Model 3 Standard and Model Y Standard, after the expiration of the $7,500 tax credit for American buyers of most of its cars. Tesla said the new Model 3 Standard will cost $38,630, including destination and order fees, and would be available in December or January. Model Y Standard will have a starting price of $41,630, including destination and order fees, and would be available in November or December. The Model 3 Standard is $5,500 less than the "Premium" version, which had previously been the least expensive model, while the Model Y Standard is $5,000 less than the Premium version. The new cars were unveiled on Tesla CEO Elon Musk's social media platform, X. Tesla just reported record sales in the third quarter from buyers rushing to complete a purchase while the $7,500 tax credit was still available. But the EV maker now faces a more competitive market in which its cars have become more expensive relative to gas-powered and hybrid vehicles. Read more -here-
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