Investing.com -- Tesla launched a lower-priced version of its popular Model Y SUV on Tuesday, with a starting price of $39,990, reducing the entry point by $5,000 from its prior MSRP of $44,990. This move follows the expiration of $7,500 U.S. EV tax break at the end of last month, which effectively immediately raised prices for consumers...

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Tesla rolled out new, cheaper versions of two of its electric car models on Tuesday in hopes the offerings will help revive flagging sales. The new Model Y, costing just under $40,000 with a stripped-down interior, follows a slump in Tesla sales covering most of the past year due to anti-Elon Musk boycotts targeting the company. Tesla stock fell more than 2.5% to $441.08 in late afternoon trading Tuesday...

Tesla stock was down 3.1% in afternoon trading after the lower-priced models showed up on Tesla’s website. That still puts shares roughly $10 above the level before Tesla teased the reveal at the beginning of the week...

The long-awaited cheaper Model 3 and Model Y are finally here, but they start at $36,990 and $39,990, respectively -- just a few thousand dollars less than Tesla's current offerings...

(Reuters) -Tesla unveiled a more affordable version of its best-selling Model Y SUV on Tuesday starting at $39,990, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising global competition. Chief Executive Elon Musk has for years promised mass-market vehicles, though last year he canceled plans to build an all-new $25,000 EV, Reuters first reported. Late last year, Musk said the vehicle would be priced below the "key threshold" of $30,000 including U.S. EV tax credits...