Price Offensive at Tesla: Musk Launches Stripped-Down Model 3 and Model Y Versions

Tesla has introduced two cheaper versions of its best-selling vehicles: the Model 3 Standard and the Model Y Standard. The new models are priced starting at $38,630 and $41,630 respectively, including fees, and are expected to be delivered in winter 2025. This places them around $5,000 below the previous "Premium" versions. The move follows the elimination of the $7,500 tax credit for many U.S. buyers – a setback that, while temporarily boosting Tesla's sales in the third quarter, has significantly cooled the market. Compromises in range and...