Tesla's website provides a vague message if you go to look at a Model 3 or a Model Y: "Price Increases in November." The website does not provide other information, and no information was given in the form of a press release.

On Tuesday, the EV giant unveiled the long-awaited budget-friendly version of the Model Y, along with a cheaper Model 3.

Elon Musk has said his automaker would sell an affordable Model Y, as “people don’t have enough money in the bank account to buy it” despite high demand.

From FM radio to power mirrors to Autopilot, here's everything Tesla cut to make its cheaper Model 3 and Model Y.

Tesla's new stripped-down models don't achieve Musk's goal of a sub-$30,000 price. Competition from Chinese manufacturers is cutting into Tesla sales.

Tesla finally revealed a stripped-down version of its Model Y, dubbed the Standard, and in a surprise move announced the Model 3 Standard as well.

After getting fans' hopes up for a $25,000 EV, Tesla opts for just a slight trim off the purchase price and cuts some creature comforts.

Tesla is set to announce its third-quarter results, driven by a rush for U.S. EV tax credits. Key focus areas include the cheaper Model 3 and Model Y variants and Elon Musk's ambitious plans for robotaxis.