Tesla has announced the release of more affordable versions of its popular Model Y SUV and Model 3 sedan, priced at $39,990 and $36,990 respectively. This strategic move comes as the electric vehicle giant aims to regain momentum in the face of declining sales and increasing competition.

These models, dubbed 'Standard', offer a range of 321 miles but come with fewer features compared to the premium versions. Notably, they exclude the Autosteer driver assistance system and rear passenger touchscreens. Deliveries for most locations are expected between December 2025 and January 2026.

Despite the attractive pricing, market experts are skeptical about the long-term demand impact. Tesla's CEO, Elon Musk, has reiterated the push for affordability, emphasizing the need for budget-friendly optio

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