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Tesla Gets Orders for 50K Redesigned Model Y in a Day in China
TSLATesla(TSLA) ZACKS·2025-01-16 00:01

Tesla, Inc. (TSLA) reportedly received 50,000 orders for its redesigned Model Y within 24 hours in China. Per BofA Securities, the updated SUV is priced 5% higher than the previous version. To attract buyers, Tesla is offering a 10,000 RMB discount and a five-year interest-free loan on the previous model.The refreshed Model Y was unveiled last week in China and select markets supplied by Tesla’s Shanghai factory and its deliveries are anticipated to begin in March. Although it hasn’t launched in Europe or N ...