Tesla also disclosed third-quarter production of 447,450 vehicles, down 4.8% year over year from 469,796 in Q3 2024. "Tesla debuts “affordable” Model Y and 3 " was originally created and published by Just Auto, a GlobalData owned brand.

Tesla introduced a “standard” Model Y on Tuesday—lacking features like vegan leather seats and a screen in the back seat—which the electric vehicle maker hopes will draw in budget-conscious buyers.

The new $37,990 “standard” version is about 15 per cent cheaper than the previous base offering, and has a driving range that is 10 per cent less than the premium version.