"The new Model Y and Model 3 Standard cost $39,990 and $36,990, around $5,000 less than Tesla's flagship models, but come without Autosteer, rear screens, leather seats, and radios. Despite this, the new variants will cost you around $2,000 more than the classic Model 3 and Y would have done before the expiry of the $7,500 federal tax credit for a new electric car, which ended on September 30."
"The Model Y and 3 Standard are also more expensive than the cheapest EVs on the market. The Nissan Leaf starts at $29,990 in the US, while Tesla's Detroit rival General Motors sells the electric Chevy Equinox from $35,100. Tesla's affordable models are also a long way from the $25,000 price tag that has often been held up as a benchmark for electric vehicle adoption."
Tesla launched lower-priced Model Y and Model 3 Standard variants priced at $39,990 and $36,990, roughly $5,000 less than flagship trims. The Standard models omit Autosteer, rear screens, leather seats, and radios. Shares fell following the launch. The new prices are about $2,000 higher than what the classic Model 3 and Y would have cost before the $7,500 federal tax credit expired on September 30. Buyers can still access some state incentives in New York and Colorado. The Standard variants remain pricier than rivals like the Nissan Leaf at $29,990 and Chevy Equinox at $35,100. Industry targets around $25,000 remain unmet, and Tesla previously shelved a low-cost NV91 project.
Read at Business Insider
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