Tesla reveals its long-awaited affordable models, the $34,990 Model 3 Standard and $37,990 Model Y Standard
1. Tesla launches affordable Model 3 and Model Y, priced at $36,990 and $39,990. 2. New models aim to boost EV adoption, countering high price barriers. 3. Stock dropped 3% after announcement, despite recent record sales. 4. Availability for standard models expected from November to January. 5. State incentives could lower prices further in New York.