Tesla releases new more affordable Model 3/Y that cost $2k+ more than last week
6 hours ago
- #Tesla
- #Electric Vehicles
- #Automotive
- Tesla released new 'more affordable' stripped-down versions of Model 3 and Model Y, priced at $37k and $40k respectively.
- The new models are more expensive than last week due to the expiration of the US federal EV tax credit, which Tesla CEO Elon Musk influenced.
- Tesla canceled its planned $25k 'Model 2' and replaced it with vague promises of 'more affordable models,' now realized as stripped-down versions of existing models.
- The new 'standard' trims lack features like front/rear light bars, ambient lighting, rear screen, and have reduced range and acceleration due to a smaller battery.
- Despite being cheaper than the 'premium' trims, the new models are more expensive than last week's prices after accounting for the lost tax credit.
- Tesla's new models may struggle to compete with other affordable EVs like the Chevy Bolt EV and Nissan Leaf, priced under $30k.
- The stripped-down models may appeal to some buyers, but the overall value proposition is questionable given the feature reductions and price hikes.