Tesla to Introduce Cheaper Electric Cars; Teases Video of Upcoming Tesla Cars

Tesla to Introduce Cheaper Electric Cars: Teases Video of Upcoming Tesla Cars

Tesla CEO Elon Musk has previously admitted the need for a more affordable Tesla, one that is cheaper than the Model 3, to gain a foothold in emerging and developing markets across the globe.

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Tesla has been teasing two new electric vehicles, one of which could be the cheapest ever from the brand.

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The much-delayed Cybertruck is also being given the finishing touches, and the company is expected to reveal more details about it soon.

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Its luxurious and high-performance electric cars had consistently increased prices over the past two years but are now bringing them down to attract more buyers.

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The Model S now starts at just $84,990, down $5,000 from yesterday, while the Model X starts at $94,990, also down $5,000.

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The base Model 3 now starts at $41,990, down from $42,990, while the Model 3 Performance has seen a $1,000 price drop to $52,990.

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