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Benzinga
Benzinga
Business
Chris Katje

Tesla's Cheaper Model Y Costs More—Yes, Really

ModelY_67

Tesla Inc (NASDAQ:TSLA) recently unveiled the lower-priced Model 3 Standard and Model Y Standard. Coming with fewer features than the traditional models, the vehicles have cheaper price points than Tesla's main vehicles.

The catch is that with the expiration of the federal electric vehicle tax credit, consumers are actually paying more for the models with less features than they would have paid for the regular version two weeks ago.

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