From TechCrunch: Tesla has spent more than a year teasing that “more affordable models” of its vehicles were on the way, and on Tuesday, the company finally revealed them. The company is now selling a more bare-bones version of the Model 3 sedan and the Model Y SUV, which start at $36,990 and $39,990, respectively.
The new versions, each dubbed “Standard,” get an estimated 321 miles of range on a full battery, and will come with fewer features than the more premium rear-wheel or all-wheel drive variants when they ship later this year. They don’t even have Autopilot, the company’s basic advanced driver assistance system. (The new models only come with traffic-aware cruise control; Autosteer, which completes the “Autopilot” feature-set, is missing.)
The release of the cheaper models is supposed to help push Tesla back into growth after it saw sales decline in 2024. But the pricing is not as low as some may have hoped, especially considering that CEO Elon Musk once teased the idea of a $25,000 Tesla — before he ultimately killed that project.
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