Tesla has lowered the price of the entry-level versions of its Model 3 and Model Y vehicles as new all-electric competitors from Chevrolet, Volkswagen and Ford go on sale. The Model 3 Standard Range Plus is now $1,000 cheaper at $36,990, while the price of the Model Y Standard Range has been reduced to $39,990, which is $2,000 less than when it was originally introduced in January. The Model 3 Standard Range Plus is rated at 263 miles per charge and the Model Y Standard Range at 244 miles. The move follows Sunday's debut of the Chevrolet Bolt EUV, which is smaller than the Tesla Model Y, but starts at $33,995. Tesla had previously offered a Model 3 Standard Range with 220 miles of range for $35,000, but discontinued it last November.

Source: Fox News February 18, 2021 22:07 UTC