"Tesla's got a cheaper version of some of its popular EVs, but it cut more than just the price. Elon Musk's company unveiled the prices on two models it's marketing as more budget-friendly. The announcement comes following the end of the EV tax credit and a general slowdown in the industry. I know what you're here for, so let's get right into the prices and how they compare to the traditional versions: Model Y Standard: $39,990 Model Y Premium: $44,990 Price difference: $5,000 (-11.1%)"
"Model 3 Standard: $36,990 Model 3 Premium: $42,490 Price difference: $5,500 (-12.9%) You'll notice that price drop is still shy of the $7,500 tax credit EV buyers received up until the end of September. The cheaper price also means you'll miss out on some bells and whistles. The cutbacks in the standard models range from stuff that feels core to Tesla (the Autosteer feature that keeps the car centered in its lane)"
Some brand experts called LeBron James' Hennessy ad stunt "a LeBomb," while others said the teaser-style campaign generated buzz. Tesla unveiled lower-priced Model Y and Model 3 standard and premium trims, with Model Y Standard at $39,990 and Model 3 Standard at $36,990, reflecting roughly 11%–13% price reductions. The reductions fall short of the prior $7,500 EV tax credit and come with feature cutbacks such as the Autosteer system and even AM/FM radio. Tesla estimates Model Y Standard availability in November and Model 3 Standard in December. Additional headlines note a startup enforcing return-to-office rules and landlords facing lease-application scams.
Read at Business Insider
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