Overview
- Tesla introduced new Standard versions of the Model Y and Model 3 at $39,990 and $36,990, undercutting prior entry trims by roughly $5,000.
- Both models use a single-motor rear‑wheel‑drive setup with a 69 kWh battery and offer up to about 321 miles (516 km) of EPA range.
- The cost cuts remove features such as Autosteer, the panoramic roof, rear passenger display, and premium audio, while retaining HW4 cameras and optional Full Self‑Driving for $8,000 or a $99 monthly subscription.
- First deliveries are slated to begin between December 2025 and January 2026, according to Tesla’s published timelines.
- Shares fell about 4% after the announcement following a pre‑reveal rise, as investors weighed margin pressure and cannibalization risks amid intensifying competition and recent battery updates that increased Model 3 ranges.