Tesla launches lower-cost Model 3 and Model Y as Cybertruck slumps

Tesla introduced entry level versions of its Model 3 and Model Y this month even as deliveries of its Cybertruck plunged in the third quarter of 2025, industry data show, underscoring a company balancing efforts to broaden affordability with mounting challenges for one of its highest profile projects. The new Model 3 Standard starts at $36,990 and the Model Y Standard at $39,990, while the Cybertruck recorded just 5,385 deliveries in Q3, a decline of about 62 to 63 percent from the same quarter a year earlier and leaving year to date Cybertruck deliveries at roughly 16,000.

The Standard trims for the Model 3 and Model Y are intended to lower Tesla's entry price by simplifying interiors and removing a number of convenience features. Tesla said the cars retain the company’s battery and charging capabilities but trade some equipment for lower cost. Among the changes are manual seat and mirror adjustments, fewer speakers, the removal of rear passenger screens and HEPA filtration on some models, and a fabric headliner that covers the panoramic glass roof in the Model Y. Autosteer is not included as standard; Full Self Driving remains optional for an added fee.