The Model 3 Standard can travel 321 miles with a full charge, while the premium model can travel 363 miles.

Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales but investors dumped its stock anyway.

The new Model Y and Model 3 Standard cost $39,990 and $36,990, around $5,000 less than Tesla's flagship models, but come without Autosteer, rear screens, leather seats, and radios.