Elon Musk's Tesla on Tuesday unveiled lower-priced versions of its Model Y SUV and Model 3 sedan.

The electric-vehicle maker priced the "Standard" – or base version – of the Model Y and Model 3 at $39,990 and $36,990, respectively.

The Standard version of both vehicles features an estimated range of 321 miles, with a top speed of 125 mph.

The top-of-the-line version of the Model Y, called "Performance," has an estimated range of 306 miles, a top speed of 155 mph, a zero-to-60 time of 3.3 seconds and costs $57,490.

The Performance version of the Model 3 features an estimated range of 309 miles, a top speed of 163 mph, reaches zero-to-60 mph in just 2.9 seconds and is priced at $54,990.

Tesla posted a pair of social media videos over the weekend that tease an unspecified announcement

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