New “Standard” trims return as Tesla’s most affordable Model 3 and Model Y options.Prices drop by up to $5,500, but key comfort and tech features are removed.Autopilot now costs extra, as Tesla shifts to a simpler lineup with “Premium” and “Performance” tiers.

In addition, Tesla ( NASDAQ: TSLA) unveiled a new price for its standard rear-wheel drive Model 3 of $36,990. While Tesla ( TSLA) topped expectations with its Q3 deliveries report, analysts do not expect that tally to be matched in the next couple of quarters due to the pull-forward of electric vehicle demand to capture the EV tax credit.

Tesla dropped a bombshell by introducing not one, but two Standard models, with the Model 3 also getting the base treatment alongside the already-anticipated Model Y. Exclusive to North America for the moment,

The 2026 Tesla Model Y Performance brings sleeker looks, better ride comfort, improved interior tech, and thrilling performance.

Known as the Model 3 and Y Standard trims, at $38,630 to start, the Model 3 Standard is now the least expensive Tesla you can buy ($5,500 less than the next cheapest model), while at $41,630, the Model Y Standard is $5,000 less than the next-step up Model Y. What was sacrificed to get to those bargain basement prices?

The refreshed go-fast Model Y went on sale in the United States just hours before the $7,500 tax credit ended.

The Tesla Model L is a long-wheelbase variant of the Tesla Model Y. It is manufactured in China and, at least for now, only available there. China is famous for its L-cars, which are long-wheelbase variants of existing cars specially developed for the Chinese market.