Overview

• The new Model 3 Standard and Model Y Standard are listed at roughly $36,990 and $39,990, about $5,000 cheaper than the next trims, with US orders open now and first deliveries expected in December into January.
• Both variants use a smaller roughly 69–69.5 kWh usable battery and single‑motor rear‑wheel drive, with EPA estimates around 321 miles and reduced charging rates versus higher trims.
• Tesla removed several amenities and driver aids, including Autosteer, rear passenger touchscreen, rear seat heaters, front seat ventilation, AM/FM radio, and the panoramic glass roof on the Model Y.
• Shares fell about 4–5% after the announcement as analysts offered mixed views, saying the trims lower entry prices but may not unlock substantial new demand.
• Analysts say the sub‑$40,000 pricing could struggle in Europe against numerous EVs under $30,000, and some early reports listed higher MSRPs that included fees, adding short‑term confusion.