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Tesla Has a New Range of Affordable Electric Cars: How Much They Cost

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Tesla has finally delivered on the demand of many electric car shoppers, unveiling entry-level versions of the refreshed Model Y and Model 3. As expected, Tesla didn't launch an all-new car, but rather more stripped-back configurations of the existing models that lower the entry price, making it easier for more buyers to step into Tesla ownership.

This is long overdue. As someone who's spent plenty of time behind the wheel of both cars, I see this as a move that could significantly increase Tesla ownership. While the EVs have been appealing, the price has remained a sticking point.

The idea is simple: Make the same design and driving experience accessible to more people by cutting out the extras most owners rarely use. In my view, that's a smart move.

It comes at a time when electric vehicle shoppers will be looking for cheaper options. According to June figures from Kelley Blue Book, the average new vehicle transaction price in the US sits at $48,644. That's 2% lower than the market peak in December 2023, but it's still about 13% more than prices in June 2021.

How much do Tesla's cheaper cars cost, and what do they come with?

This is what the rear of the Tesla Model Y Standard looks like -- it keeps the same light bar from the regular version.

The Model Y Standard Rear-Wheel Drive starts at $39,990 and delivers an EPA-estimated 321 miles of range, a 0-60 mph time of 6.8 seconds and a peak charging rate of 225 kW. It's powered by a 69 kWh battery and produces about 300 horsepower. This version uses one fewer battery module than the higher trims and is 5% more efficient than the Model Y RWD.

Inside, it features an open-concept center console similar to the Cybertruck, textile doors and dashboard trim. The 10-way driver and 4-way passenger seat controls are now managed via the touchscreen without physical buttons.

Tesla includes a 7-speaker audio system, auto high beams and dual-tone textile and vegan leather seats, but most of the cabin adjustments are manual. That includes the seats, steering wheel and mirrors. The front seats are heated, while the rear ones are not.

The rear passenger screen has been removed, but the car still includes a mobile charger. The glass roof is now closed off internally with a fabric headliner for better insulation, and the mirrors are manual-folding. Also, there's no HEPA filter, only a particulate and odor filter.

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