Overview
- Tesla announced new entry trims via X, listing starting prices at $36,990 for the Model 3 and $39,990 for the Model Y, down from prior base prices of $42,490 and $44,990.
- Tesla’s stock reversed early gains to close down 4.45% after the reveal, reflecting disappointment that the cars are not the widely expected $25,000–$30,000 model.
- The Standard versions cut equipment versus higher trims, with fewer speakers, manual mirrors, reduced color choices, and the removal of rear passenger touchscreens, while Tesla highlights roughly 500 km range and the integrated Grok AI assistant.
- The Full Self-Driving option remains an $8,000 add-on, and Tesla rolled out its first major FSD software update in months the same morning.
- Website simulations show U.S. deliveries starting in November with no international timing disclosed, as BYD narrows the sales gap and the recent end of the U.S. $7,500 EV subsidy clouds near‑term demand.