Tesla has launched a new, lower-priced Standard Range Model Y in North America starting at $39,990. This variant offers 321 miles of range but features decontented options like no rear touchscreen, metal roof, and fewer luxury amenities. A similarly reduced Standard Range Model 3 is also available. These price cuts aim to boost sales amidst anticipated dips and competition from rivals like Hyundai, which recently made significant price reductions on its Ioniq 5.

Prepared by Christopher Adams and reviewed by editorial team.