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.

For nearly two decades, CEO Elon Musk has promised Tesla would make a more affordable electric vehicle, to, as he put it in 2006, “help expedite the move from a mine-and-burn hydrocarbon economy ...

Elon Musk's Tesla on Tuesday unveiled lower-priced versions of its Model Y SUV and Model 3 sedan. The electric-vehicle maker priced the "Standard" – or base version – of the Model Y and Model 3 at $39 ...