2026 Tesla Model Y Standard: Cut-price electric SUV and cheaper Model 3 revealed

Tesla may have axed plans for a smaller entry-level electric vehicle (EV), but it has now unveiled a budget-oriented variant for its two most popular models. The bad news is they’re only for the US and won’t be available in Australia – at least for now.

Both the Model 3 mid-size sedan and Model Y mid-size SUV – Australia’s most popular EV – are now available in North America in a new ‘Standard’ trim, which strips back several features otherwise standard in the two battery-electric cars, for a lower price.

Following the end of the US$7500 EV tax credit last month, the Standard variants are the new starting points for each model line in the US, prompting the former Long Range variant to be rebranded as the Premium, which is now available in rear- and all-wheel drive forms.

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The Model 3 Standard is priced at US$36,990 before on-road costs in North America (~A$56,352), which well below US$42,490 before on-roads (~A$64,730) price of the newly named Premium RWD.

The Model Y Standard, meanwhile, costs US$39,990 before on-roads (~A$60,396), which is similarly less than the Premium RWD’s price of US$44,990 before on-roads (~AU$68,561).

For context, the Model 3 starts at $54,900 before on-roads for the base RWD in Australia, while the Model Y starts at $58,900 before on-roads. If US pricing is anything to go by, the Standard variants could be priced around $45,000 if sold in Australia.

Australian buyers will have to wait patiently though, as a Tesla Australia spokesperson told CarExpert there’s “no information on this – it’s a US-spec car only” and that both models have been “launched for the US market”.