Monday, June 24, 2024

Tesla rolls out updated Model Y in China; starting price unchanged

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  • Tesla (NASDAQ:TSLA) has rolled out an updated Model Y version in China, with some improved features, although its starting price was left unchanged.
  • The improved features include a new wheel design and a slightly faster 0-100 km/h acceleration time of 5.9 seconds, Tesla (TSLA) said in a WeChat post on Sunday.
  • The starting price for the updated version remains 263.9K yuan (~$36.7K)
  • The rollout comes amid intensifying competition in China from local automakers such as BYD, Nio and Xpeng, all of whom are expanding their lineups.
  • Note that Tesla (TSLA) is slated to report its Q3 deliveries and production figures this week, with more wildcards in the mix.

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