Published by Global Banking & Finance Review®
Posted on October 7, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleTesla introduces affordable Model Y and Model 3 to boost sales amid rising EV competition, priced at $39,990 and $36,990.
(Reuters) -Tesla unveiled more affordable versions of its best-selling Model Y SUV and Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition.
(Reporting by Zaheer Kachwala in Bengaluru and Juby Babu in Mexico City; Editing by Pooja Desai)
An electric vehicle (EV) is a type of vehicle that uses electric motors for propulsion, powered by batteries instead of traditional internal combustion engines.
Market share refers to the percentage of an industry's sales that a particular company controls, indicating its competitiveness and dominance in the market.
Pricing strategy is the method companies use to price their products or services, which can influence sales, profitability, and market positioning.
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