Tesla Debuts ‘Standard’ Trim Model 3 and Y, But They’re Not Exactly Low-Cost

UPDATE: Tesla revealed Model 3 and Model Y “Standard” trims today, both of which are now available to configure on the company’s website. But despite rumors that Tesla might finally release the $25,000 model that CEO Elon Musk has been teasing since 2020, the new trims are well above that price, and sacrifice a few features.

The Model 3 Standard costs $36,990, or $5,500 less than the $42,490 Premium trim, the next tier above. The Model Y standard is $5,000 cheaper, at $39,990…