Tesla launches cheaper versions of Model Y and Model 3, available for orders immediately – Here’s how much it will cost

According to Reuters, Tesla introduced new, more budget -friendly versions on Tuesday, the best -selling model Y SUV and Model 3 sedan, respectively at a price of $ 39.990 and $ 36.990, respectively; This is a movement aimed at combating sales with decreasing sales and narrowing market share as competition increases.

These standard versions have a range of 321 miles (516 km) and have less acceleration than higher level premium versions. According to Tesla’s website, they are currently ready for order and deliveries are expected to start in many places between December 2025 and January 2026.

Standard models do not have touch screens for Tesla’s driver support system for Autosteer and rear passengers. Tesla also stopped the LED light bar in the more affordable model Y. In both versions, there are vegan leather seats for the model 3 and the manual -adjusted side rearview mirrors.

Elon Musk, the Chairman of the Executive Board, has long promised mass market vehicles, but according to Reuters, it was reported that a new home plans of $ 25,000 last year. Instead, Tesla prefers to develop affordable versions derived from existing models, increased concerns between investors and analysts that these cheaper cars may affect the sales of existing vehicles.

The effect of US home tax loans

At the end of last year, Musk said that when the US home tax loans were also taken into account, the vehicle would have a lower cost of $ 30,000 than the “basic threshold”.

Home prices in the United States at the end of last month when the loan expired increased by 7,500 dollars. The report said that this increase helps to increase sales to a record level every three months, but most people expect sales to slow down for the rest of the year unless an affordable car is released.

Musk, Tesla’s second quarter earnings in July said: “The desire to buy the car is very high. (This) only people do not have enough money to buy it in the bank account.”

He added, “So the more affordable we can make the car, the better.”

(With inputs from institutions.)