Tesla has confirmed that the new Model Y Performance supports bidirectional charging for both vehicle-to-home (V2H) and vehicle-to-load (V2L)

The Model Y Performance is Tesla's second EV that supports Vehicle-to-Load (V2L) bi-directional charging via the Tesla Outlet Adapter

New “Standard” trims return as Tesla’s most affordable Model 3 and Model Y options.Prices drop by up to $5,500, but key comfort and tech features are removed.Autopilot now costs extra, as Tesla shifts to a simpler lineup with “Premium” and “Performance” tiers.

Elon Musk's automaker launched the Model Y and 3 Standard on Tuesday, after teasing more affordable models for years.

The Model Y got cheaper, but there are less expensive options for consumers. Tesla ( TSLA 1.32%) announced a new lower-cost Model Y, but it's still not competitively priced with other EVs available today.

Is the Tesla Model Y really worth the extra money over Ford’s Mustang Mach-E? We break down the key differences to help you decide.

Tesla has introduced more affordable versions of its Model Y and Model 3, aiming to broaden the accessibility of its electric vehicles amid increasing competition in the EV market. The new Model Y is priced at just under $40,