$36,990 Model 3 Standard and $39,990 Model Y Standard
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Tesla says the first builds of a more affordable model happened in June, with volume production planned for the second half of 2025. The new car will likely slot below today's Model Y and lean into Tesla's self-driving roadmap.
In addition, Tesla ( NASDAQ: TSLA) unveiled a new price for its standard rear-wheel drive Model 3 of $36,990. While Tesla ( TSLA) topped expectations with its Q3 deliveries report, analysts do not expect that tally to be matched in the next couple of quarters due to the pull-forward of electric vehicle demand to capture the EV tax credit.