Tesla has finally introduced the long-awaited, cheaper versions of its Model Y and Model 3 cars.

The new cars, which the company unveiled in an X post on Tuesday, Oct. 7, are the brand’s most affordable vehicles, ranging in price from $38,000 to $41,000.

“Ultra-low cost of ownership, engineered for safety & comes with the best Tesla features you love,” Tesla shared on X .

Here’s everything you need to know about the new cars.

How much do the new Model Y and Model 3 cost? See prices.

A Model 3 starts at $38,630, while a Model Y starts at $41,630. Both prices include order and delivery fees.

The Model 3 Standard, a sport sedan, is currently the most affordable vehicle offered by Tesla. It’s $5,000 cheaper than the premium version, which is priced at $46,630, according to Tesla's

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