Tesla has introduced a more affordable and stripped-down version of its flagship Model Y car as Elon Musk’s group braces for slowing US demand following the expiry of electric vehicle federal tax credits.
The new $37,990 “standard” version is about 15 per cent cheaper than the previous base offering, and has a driving range that is 10 per cent less than the premium version.
The model also has fewer features, lacking the auto steer function, second-row touchscreen and heated seats. The company also unveiled a more affordable version of its Model 3 sedan starting at $36,990.
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