Tesla, Model 3 and Standard
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Tesla ’s promised cheaper Model Y is nearing a full reveal. Although it’s rumored to be only $5,000 cheaper than the current base model, it’ll still be the only new Tesla to start at under $40,000.
The analyst stated that at one point, Tesla had planned to introduce a new model that would cost 50% less than the Model 3 and Model Y; however, instead, consumers are getting variants. Delaney said the new, lower-cost models promised were a key item from Tesla's 2023 investor day.