Tesla, led by Elon Musk, launches a refresh model launch in China: U.S. customers are expected to buy their vehicles starting in March – Tesla (NASDAQ: TSLA)
Elon Musk– Leader’s EV Giant Tesla Inc TSLA Its refreshed model has begun in China, while US customers placing orders are still waiting for their vehicles.
what happened: “Today, we are launching the delivery of the new model Y in China. Tesla said in an article on the social media platform: “Heartbeats! x.
The post is accompanied by photos of customers delivering their vehicles in the decor.
Tesla first launched updated models in major markets in China and the United States just a few days later. In the United States, vehicles are expected to start in March.
In China, the refreshed vehicle started at 263,500 yuan, while the older version sold nearly 5.4%, which started at 249,900 yuan.
Why it matters: The Model Y is Tesla’s best-selling vehicle. The refreshed vehicle launch comes as the company reports the first annual vehicle delivery in more than a decade.
Tesla reported global delivery of 1.79 million vehicles in 2024, down from 1.81 million full-year delivery in 2023.
Tesla CEO Elon Musk Last month, he said on the company’s earnings call Production will be lost during the days of remodeling the factory.
The CEO also warned that profit margins will suffer due to idle capacity and other ramp-related costs. He said that once production intensifies, these challenges will be overcome.
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Photo courtesy: Tesla
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