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Tesla has lowered the price of entry-level versions of its Model 3 and Model Y vehicles as new all-electric competitors from Chevrolet, Volkswagen and Ford go on sale.
The Model 3 Standard Range Plus is now $ 1,000 cheaper at $ 36,990, while the Model Y Standard Range has been reduced to $ 39,990, which is $ 2,000 less than when it was first introduced in January.
However, the price of the Performance versions of both models has been increased from $ 1,000 to $ 55,990 for the Model 3 and $ 59,990 for the Model Y.
The Model 3 Standard Range Plus is rated at 263 miles per charge and the Model Y Standard Range at 244 miles.
The move follows Sunday’s debut of the Chevrolet Bolt EUV, which is smaller than the Tesla Model Y, but starts at $ 33,995.
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The VW ID.4 and Mustang Mach-E, which are closer in size to the Model Y, are also now available for as low as $ 32,495 and $ 35,395, respectively.
Tesla previously offered a standard Model 3 line with 220 miles of range for $ 35,000, but discontinued it last November.
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