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Tesla Unveils New $39,990 Model Y to Counter Loss of US Tax Credits

Tesla Inc. introduced new versions of its top-selling models priced at under $40,000, making its main vehicles more affordable to counteract the loss of US incentives for electric cars.

The new standard versions of the Model 3 sedan and Model Y sport utility vehicle start at $36,990 and $39,990, Tesla’s website shows. Those starting prices are about 13% and and 11% cheaper, respectively, than premium longer-range versions of each model.

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