As reported by Business Insider, on Tuesday (local time), Tesla unveiled its two most affordable electric vehicle models to date: the Model 3 Standard and the Model Y Standard. These models are priced at a starting point of $36,990 and $39,990, respectively. Compared to previous iterations, these prices reflect a decrease of roughly $5,000, albeit with some downgrades in features. Wall Street analysts and investors have given a range of responses to this news. Notably, Tesla's stock price experienced a 4.45% decline following the announcement.