While the company started building a more affordable model in June, they opted to put off production until after the U.S. phased out up to US$7,500 federal tax credits. Photo by Mike Stewart/AP Photo/Postmedia files

Tesla Inc. introduced new versions of its top-selling models priced at under US$40,000, making its main vehicles more affordable to counteract the loss of United States incentives for electric cars .

The new standard versions of the Model 3 sedan and Model Y sport utility vehicle start at US$36,990 and US$39,990, Tesla’s website shows. Those starting prices are about 13 per cent and and 11 per cent cheaper, respectively, than premium longer-range versions of each model.

Tesla shares fell as much as 4.5 per cent as of 3:40 p.m. Tuesday in New York. The stock is up abo

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