Tesla on Tuesday unveiled plans to sell cheaper alternatives of its Model Y and Model 3 cars, its first product release in years, as Elon Musk’s automaker created more affordable options for its ...

The new Tesla Model Y Standard is $5,000 less expensive than the prior base version. The Standard version has lower estimated range, is slower to 60 mph and goes without some convenience features.

Tesla has unveiled the long-promised cheaper versions of its two main cars, dubbed the Model 3 Standard and Model Y Standard, after the expiration of the $7,500 tax credit for American buyers of most ...