The Brief

Tesla’s Model 3 and Model Y standard EVs will now cost consumers under $40,000.

The production of the cars comes amid the loss of the federal EV tax credit, which expired in late September.

Tesla unveiled a lower-priced version of its Model 3 and Model Y electric vehicles.

The auto manufacturer believes the more affordable EVs will revitalize consumer sales after global car deliveries dipped last year, Reuters reported, citing estimates from financial research company Visible Alpha.

How much will the Tesla model cars cost?

By the numbers:

Tesla has priced the "Standard" – or base version – of the Model Y and Model 3 at $39,990 and $36,990.

These prices are lower than the "Premium" versions of the Model Y, which is $44,490 and the Model 3 priced at $41,990.

Forbes reporte

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