Tesla has launched a new Model Y electric car in China, image credit: Tesla Written By: The EV gets new wheels and an ambient LED lighting strip in the dash, like the refreshed Model 3, reports The Verge. Tesla is also offering a long-range version for 299,900 yuan (about $42,000) and a high-performance version for 349,900 yuan (about $49,000). The company is yet to announce the updated Model Y in the US. In August, Tesla launched its flagship Model S and Model X with standard variants at more affordable prices in the US and Canada, slashing it by $10,000 amid fierce competition in the premium EV car market. On Tesla's official website, the Model S Standard Range is now priced at $78,490 before options. The Model S SR offers a range of 320 miles of range per charge and a 3.7-second, 0-60 mph time. The vehicle also features a top speed of 149 miles per hour. The Tesla Model X Standard Range is now offered at a starting price of $88,490 before options. The users could acquire the all-electric SUV that features a range of 269 miles per charge and a 0-60 mph time of 4.4 seconds. The Model S SR and Model X SR provide a lower entry point for the two Tesla flagship EVs. Unlike Tesla Model 3 and Model Y, which are eligible for a $7,500 US tax credit, the S and X receive no discounts.