May 6 (Reuters) - Tesla launched a cheaper version of its Model Y vehicle in

the United States on Tuesday.

The new long range rear-wheel drive version costs about $44,990, before a $7,500 federal tax

credit, the electric vehicle makers' website showed. Including the tax credit, the new vehicle

will cost $37,490.

Reuters previously reported that Tesla's plans for an affordable car included a

stripped-down version of its best-selling electric SUV, but the production launch had been

delayed.

Tesla's Model Y long range all-wheel drive version in the U.S. did not see any cost

adjustment and is priced at $48,990.

Tesla's quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash

against CEO Elon Musk's politics and rising global competition.

The company is scheduled to report third-quarter earnings on July 23.