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Tesla has launched more affordable versions of its popular Model Y and Model 3 vehicles, priced at $39,990 and $36,990 respectively. These "Standard" models omit some premium features like "Autosteer" and FM radio to achieve the lower price point. While Wall Street reacted negatively with a stock dip, the new models offer significant savings compared to premium variants. Availability is slated for late 2023 and early 2024, with potential for even lower prices for eligible buyers through state incentives.

Prepared by Christopher Adams and reviewed by editorial team.