Tesla launches Model 3, Model Y Standard
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Tesla teaser suggests new car could come out Tue.
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Tesla announced the launch of cheaper versions of two of its electric vehicles Tuesday in hopes of reviving flagging sales
Elon Musk has said his automaker would sell an affordable Model Y, as “people don’t have enough money in the bank account to buy it” despite high demand.
Elon Musk’s electric car company said the new versions would start at around $37,000 and $40,000, prices that bring its cars closer to comparable gasoline vehicles.
Tesla has finally launched a cheaper variant of its Model Y and Model 3 electric vehicles. While the price is lower, so are the amenities and features.
Tesla's lower-priced versions of its staple Model Y SUV and Model 3 sedan face an uphill battle in the region where Elon Musk's company arguably needs help the most: Europe.
Tesla unveiled less expensive versions of its Model 3 and Model Y vehicles on Tuesday after months of anticipation.
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Chinese car fans are weighing in on Elon Musk's new affordable offerings: 'Beggar model' Tesla
"I'm definitely not buying them. For the same price, there are far more options I can get from local automakers," one user wrote on Weibo.
Even so, the slumping sales seem unlikely to have a major effect on Tesla's stock price. The shares have declined by only single-digit percentages since the Q3 numbers came out, and the stock is still up by more than 6% year-to-date: