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Tesla debuted more affordable versions of its popular Model Y SUV and Model 3 sedan on Tuesday.

The Model Y standard variant is priced just below $40,000, according to Tesla's website, and the Model 3 standard starts at around $37,000.

The company also released a new version of its Full Self-Driving (Supervised) driver assistance system early Tuesday.

The EV maker's stock closed 4.45% lower.

Over the weekend, Elon Musk's electric vehicle company shared a teaser clip featuring a logo-emblazoned, spinning component that could be anything from a wheel cover to a fan or turbine. The clip ended with the numbers "10/7," indicating Tuesday's date for the reveal.

Tesla posted a second clip to X on Sunda

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