Tesla reveals slightly cheaper ‘standard’ versions of the Model 3 and Model Y

Tesla has unveiled more affordable versions of its popular Model 3 and Model Y electric vehicles. The new "standard" models will be priced at $36,990 for the Model 3 and $39,990 for the Model Y, representing a slight decrease from the existing versions. These updated models are intended to make Tesla's offerings more accessible to a broader range of consumers. However, the price reduction is relatively modest, with the new "standard" versions still costing just a few thousand dollars less than the previous models. The announcement comes as Tesla continues to face challenges in maintaining profitability and meeting growing demand for its electric vehicles. The company has faced production delays and supply chain issues, which have impacted its ability to offer more affordable options. Despite the small price adjustments, Tesla's electric vehicles remain significantly more expensive than many traditional gasoline-powered cars, which may still pose a barrier for some consumers looking to make the switch to electric mobility.