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Factbox-How Tesla's cheaper models compare with other electric vehicles

Published by Global Banking & Finance Review

Posted on October 7, 2025

1 min read

· Last updated: January 21, 2026

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Factbox-How Tesla's cheaper models compare with other electric vehicles
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(Reuters) -Tesla unveiled more affordable versions of its best-selling Model Y SUV and Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse

Tesla Launches Affordable Model Y and Model 3 Electric Vehicles

Comparison of Tesla's New Models with Competitors

(Reuters) -Tesla unveiled more affordable versions of its best-selling Model Y SUV and Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition.

Pricing Details

(Reporting by Zaheer Kachwala in Bengaluru and Juby Babu in Mexico City; Editing by Pooja Desai)

Key Takeaways

  • Tesla launches cheaper Model Y and Model 3.
  • New models priced at $39,990 and $36,990.
  • Aimed at reversing declining sales and market share.
  • Increased competition in the EV market.
  • Reported by Zaheer Kachwala and Juby Babu.

Frequently Asked Questions

What is an electric vehicle?
An electric vehicle (EV) is a type of vehicle that uses electric motors for propulsion, powered by batteries instead of traditional internal combustion engines.
What is market share?
Market share refers to the percentage of an industry's sales that a particular company controls, indicating its competitiveness and dominance in the market.
What is pricing strategy?
Pricing strategy is the method companies use to price their products or services, which can influence sales, profitability, and market positioning.

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