Overview

• Tesla set entry prices at $36,990 for the Model 3 Standard and $39,990 for the Model Y Standard, with orders open now and deliveries showing for December 2025 to January 2026 in many locations.
• The lower-cost trims drop features including Autosteer, rear passenger touchscreen, rear seat heating, premium audio, and leather upholstery, and the Model Y removes the panoramic glass roof experience.
• Both models use a smaller roughly 69–69.5 kWh battery and single‑motor rear‑wheel drive, with EPA estimates around 321 miles on 18‑inch wheels, and quoted 0–60 mph times of 5.8 seconds (Model 3) and 6.8 seconds (Model Y).
• Tesla reshuffled its lineup into Standard, Premium (formerly Long Range), and Performance, positioning the new variants as decontented entry points below the existing trims.
• Tesla shares fell about 4.5% after the announcement as analysts questioned whether a roughly $5,000 price cut would unlock new demand, noting the loss of the $7,500 U.S. credit and competition from cheaper rivals like the Nissan Leaf and Chevy Equinox EV.