Tesla unveiled less expensive versions of its Model 3 and Model Y vehicles on Tuesday after months of anticipation.

Analysts and business leaders had mixed reactions to Tesla's new, more affordable models, which are about $5,000 cheaper.

Dennis Clotter dropped off his Tesla Model 3 for service and got a shiny new Model X loaner with only 700 miles, he's in love. "They can definitely keep that Model 3! I'm about to be a fugitive... I'm ...

NEW YORK (AP) — Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales but investors dumped its stock anyway.

Tesla's website priced the Model Y Standard Rear-Wheel Drive at $39,990. The old base Model Y, now the Premium RWD, is still $44,990, with AWD variant at $48,990. The Model Y Performance is $57,490.

The vehicle, which will lack certain features and use less premium materials, is an effort to keep sales going after the loss of federal tax credits last week.

Dan Ives, an analyst at Wedbush, said he was disappointed that the cars were only about $5,000 cheaper than the next trims of the models.

Technology Technology   The Big Story Key crypto agency in turmoil The White House’s decision to pull its nominee to lead the Commodity Futures Trading Commission (CFTC) ...

Tesla has just launched Standard version of Model 3 and Model Y in the United States with a starting price of $36,990 for Standard Rear-Wheel Drive Model 3 and $39,990 for Standard Rear-Wheel Drive ...

In a tweet, Tesla announced that ‘Model Y Standard’ and ‘Model 3 Standard’ are the company’s “most affordable vehicles”. Tesla announced its ‘Model Y Standard’ and ‘Model 3 Standard’, labelling them ...

Electric-vehicle maker Tesla unveiled a cheaper Model Y SUV at $39,990 and Model 3 sedan at $36,990 following record third-quarter deliveries and expiring tax credits.