Overview

• Tesla set the Model 3 Standard at $36,990 and the Model Y Standard at $39,990, roughly $5,000 below prior comparable versions.
• Official specifications show EPA range near 321 miles, with 0–60 mph times of 5.8 seconds for Model 3 and about 6.8 seconds for Model Y.
• To cut costs, the cars add simplified interiors such as fabric or vegan‑leather seats and a manual steering column, and they drop the rear entertainment screen.
• The Model Y uses an internally insulated sealed glass roof for cost efficiency, and Tesla renames Long Range as Premium with Standard now the entry tier.
• Reactions were mixed as Wedbush’s Dan Ives called the pricing disappointing while Morningstar’s Seth Goldstein said sub‑$40,000 stickers could boost deliveries, and Elon Musk highlighted FSD and xAI progress.