Tesla sticker shock: Automaker slashes prices for two models

The price of the Model 3 Standard Range Plus was reduced 2.6 percent to $36,990 while that of the Model Y Standard Range was reduced 4.8 percent to $39,990.

Tesla Inc. trimmed prices for its cheapest Model 3 and Model Y while raising prices for the Performance versions, according to the electric carmaker’s website. The Model 3 Standard Range Plus is now 2.6% cheaper at $36,990 in the U.S. The price of the Model Y Standard Range was cut by 4.8% to $39,990. Tesla Chief Executive Officer Elon Musk has regularly lamented that Tesla’s cars are too expensive, and the company has a long history of enacting price cuts and incentives to drive deliveries during critical quarters. At the “Battery Day” event last fall, Musk said the company was working on a $25,000 car.