Here’s How Much They’ll Cost
The post Here’s How Much They’ll Cost appeared on BitcoinEthereumNews.com. Topline Tesla on Tuesday unveiled plans to sell cheaper alternatives of its Model Y and Model 3 cars, its first product release in years, as Elon Musk’s automaker created more affordable options for its bestselling vehicles in an apparent move to offset the recent loss of tax incentives to buy electric vehicles. 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. Tesla Key Facts Tesla priced its Model Y Standard and Model 3 Standard vehicles at $37,990 and $34,990, below the “Premium” alternatives at $44,490 and $41,990, respectively. Tesla’s last product unveiling came in 2019 when Musk promoted the Cybertruck, though deliveries for the vehicle were delayed until November 2023 following a series of production issues and battery supply restrictions. The Model Y accounted for 7.4% of the global electric vehicle market through Q1 2025 and remained the bestselling EV worldwide ahead of the Model 3 and BYD’s Seagull, according to Autovista Group, an automotive data firm. Tesla will use less premium materials to produce the new vehicles to offset the loss of a $7,500 federal tax credit for Americans purchasing electric vehicles, which expired last week, Bloomberg reported, citing people familiar with the matter. Production of a more affordable model began in June, Tesla executives told investors in July, though they did not provide specifics—Musk, however, suggested it would be the Model Y: “The desire to buy the car is very high, it’s just people don’t have enough money in their bank account to buy it.” Big Number 497,099. That’s how many vehicles Tesla delivered through its third quarter, a record quarterly total. Of these, about 97% were Model 3 and Model Y vehicles. Key Background Rumors have swirled in…
The post Here’s How Much They’ll Cost appeared on BitcoinEthereumNews.com.
Topline Tesla on Tuesday unveiled plans to sell cheaper alternatives of its Model Y and Model 3 cars, its first product release in years, as Elon Musk’s automaker created more affordable options for its bestselling vehicles in an apparent move to offset the recent loss of tax incentives to buy electric vehicles. 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. Tesla Key Facts Tesla priced its Model Y Standard and Model 3 Standard vehicles at $37,990 and $34,990, below the “Premium” alternatives at $44,490 and $41,990, respectively. Tesla’s last product unveiling came in 2019 when Musk promoted the Cybertruck, though deliveries for the vehicle were delayed until November 2023 following a series of production issues and battery supply restrictions. The Model Y accounted for 7.4% of the global electric vehicle market through Q1 2025 and remained the bestselling EV worldwide ahead of the Model 3 and BYD’s Seagull, according to Autovista Group, an automotive data firm. Tesla will use less premium materials to produce the new vehicles to offset the loss of a $7,500 federal tax credit for Americans purchasing electric vehicles, which expired last week, Bloomberg reported, citing people familiar with the matter. Production of a more affordable model began in June, Tesla executives told investors in July, though they did not provide specifics—Musk, however, suggested it would be the Model Y: “The desire to buy the car is very high, it’s just people don’t have enough money in their bank account to buy it.” Big Number 497,099. That’s how many vehicles Tesla delivered through its third quarter, a record quarterly total. Of these, about 97% were Model 3 and Model Y vehicles. Key Background Rumors have swirled in…
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