Tesla now has cheaper Model Y and 3 cars, but are they still too expensive?

Dan Ives, an analyst at Wedbush, said he was disappointed that the EVs were only about $5,000 cheaper than the next trims of the models.

Tesla rolled out “affordable” versions of its best-selling Model Y SUV and its Model 3 sedan, but the starting prices of $39,990 and $36,990 struck some as too high to attract a new class of buyers to the electric vehicle brand.