Tesla introduced new, more budget-friendly versions of its top-selling Model Y SUV and Model 3 sedan on Tuesday, priced at $39,990 and $36,990 respectively, a move that aims to combat declining sales and shrinking market share as competition increases, reported Reuters.These standard versions have a range of 321 miles (516 km) and less acceleration than the higher-tier Premium ones. According to Tesla's website, they are available for order now, and deliveries are expected to begin between December 2025 and ...

Tesla unveiled more affordable versions of its best-selling Model Y SUV and its Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition.Tesla shares were down 4%shortly before the close.Both versions, called Standard, offer 321 miles (516 km) of range and less powerful acceleration than the current higher trims called Premium. They can be ordered immediately, with deliveries set to start betwe ...