Overview
- The Model 3 Standard lists at about $36,690 and the Model Y Standard at $39,990, roughly $5,000 below the next trims.
- The new versions cut equipment and range, with the Model Y Standard rated around 321 miles versus 357 miles for the premium RWD.
- Observed deletions include the radio, power-adjustable steering column, Autosteer lane-keeping, rear-seat heating, panoramic glass roof, adaptive headlights, and premium audio.
- The move follows the Sept. 30 expiration of the $7,500 U.S. EV tax credit, which preceded a Q3 delivery surge to 497,099 vehicles.
- Analysts questioned whether the smaller price step will unlock significant demand, and Tesla shares fell as much as 4.4% on the news.