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Tesla Launches Lower-Priced ‘Standard’ Model 3 and Model Y in U.S. With Feature Cuts

Feature cuts lower the entry price, signaling a push for volume with profits shifting to paid software.

Overview

  • The new Standard trims are live for order at $36,990 for Model 3 and $39,990 for Model Y, with official EPA ranges of 321 miles and 0–60 mph times of 5.8 seconds and 6.8 seconds respectively.
  • Base Autopilot on these trims drops Autosteer lane-centering while retaining Traffic-Aware Cruise Control, with Full Self-Driving offered as an $8,000 add-on.
  • Tesla’s site and media walkarounds detail wider cost reductions, including deletion of the rear entertainment screen, fewer speakers, manual adjustments for some controls, simpler suspension, and material downgrades.
  • Product pages indicate the Standard models omit FM/AM radio functionality, extending the list of removed convenience features documented this week.
  • Shares fell about 4.45% after the reveal as analyst reactions split, the prior Long Range trim was renamed Premium, and Chinese pricing remains unannounced despite local media projections.