Tesla launches a $39,990 Model Y and a $37,000 Model 3 to offset fading demand

After years of hype, teasers, and fan speculation, Tesla finally dropped its long-awaited $39,990 Model Y today, ￰0￱ cheaper version of the company’s best-selling SUV quietly showed up on the automaker’s website this morning, delivering what Tesla-watchers have been expecting for months: a no-frills Model Y designed to claw back slipping demand in a brutal EV market that’s getting tighter by the ￰1￱ base Model Y skips fancy extras like a glass roof, light bars, and premium seating, but still delivers a 321-mile range on a full charge. That’s only 36 miles less than the Long Range ￰2￱ price undercuts the previous entry-level Model Y by about $5,000, giving buyers a cheaper way into the Tesla ecosystem just as the $7,500 federal tax credit disappears, thanks to President Donald Trump’s new spending ￰3￱ new standard Model 3 also dropped, now listed at $37,000.

The announcement, as Cryptopolitan reported , follows days of ￰4￱ the weekend, Elon Musk’s company dropped a mysterious teaser clip on social media showing a spinning, logo-branded ￰5￱ knew if it was a fan, a turbine, or a new wheel design, but the clip ended with the numbers “10/7.” On Sunday, Tesla followed that with another clip showing headlights glowing in the ￰6￱ rose 5% Monday as excitement grew, with many investors hoping for big updates on the Roadster or ￰7￱ after today’s reveal, Tesla stock slid by 3%, closing Tuesday 4.45% lower ￰8￱ cuts prices as it struggles to hold attention Elon’s company has been bleeding momentum all ￰9￱ new mass-market model has come out since the Cybertruck launched in late 2023, and that vehicle never really caught ￰10￱ the infamous 2019 unveiling, where Elon smashed the truck’s window during a live demo, to eight voluntary recalls, the Cybertruck rollout has been ￰11￱ hasn’t matched the success of the Model 3 or the Model Y, both of which are now aging ￰12￱ this year, Tesla had been aiming for a $30,000 stripped-down Model Y, but those plans changed after Trump’s tariffs and the removal of federal EV ￰13￱ ￰14￱ now facing full sticker prices, today’s price drop looks like a survival ￰15￱ from Chinese players like BYD and legacy names like Volkswagen is growing, and Tesla can’t rely on hype alone ￰16￱ new cars aren’t the only ￰17￱ also launched a revised version of its Full Self-Driving (Supervised) system ￰18￱ Elon’s decade-long promise to turn every Tesla into a robotaxi via software update, the vehicles still rely on human safety drivers, unlike rivals Waymo or Apollo ￰19￱ promises pile up as pressure mounts on Musk The next-gen Roadster is still ￰20￱ announced it in 2017, said it could fly in 2021, and claimed last year it was being redesigned with SpaceX.

It’s still not in ￰21￱ Cybercab, a two-seater with no steering wheel or pedals, was shown at an invite-only event called “We, Robot” last ￰22￱ said it would cost $30,000, but it hasn’t gone into manufacturing ￰23￱ the robot front, Elon claimed his Optimus humanoid robots would be able to babysit or work in ￰24￱ they’re not for sale, while competitors like Unitree and Agility Robotics are already shipping bipedal ￰25￱ with all this, the company’s stock has had a wild ￰26￱ losing 36% in Q1, Tesla shares jumped 40% in ￰27￱ far this year, they’re up 12%, largely thanks to Elon buying $1 billion worth of shares himself in ￰28￱ smartest crypto minds already read our ￰29￱ in?

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