Tesla investors will look for more details on the automaker's lower-priced model when it reports quarterly results on Wednesday.

The new Model Y Long Range AWD Launch Series edition comes at a price. But the current Y is still available and cheaper than ever.

Tesla started cutting prices in the U.S. at the onset of 2023 and in China in the latter half of 2022 in a bid to undercut rivals and increase sales. However, the company has since also hiked prices and launched newer variants with higher price points.