Tesla was once an innovator in electric vehicles, but its cheaper Model 3 and Model Y show it is now being overtaken by Chinese rivals.


  • Tesla unveiled the “Standard” versions of the Model 3 and Model Y
  • Many features were removed to reduce costs
  • Company hopes value propositions will help drive sales

Tesla released a number of teaser videos on social media earlier this week, suggesting that the world would soon be treated to new affordable models – and now they have arrived.

However, rather than introduce the much-hyped $25,000 “Model 2” or an entirely new budget proposition, Tesla did what much of the internet predicted and removed features from the best-selling vehicles in its current lineup in order to lower the price.

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