Tesla reportedly producing cheaper Model Y to boost sluggish sales in China
Tesla has plans to produce a low-cost version of its best-selling Model Y to boost sluggish sales in China, according to a report. The car will cost at least 20% less to produce than the version launched last year, and will be manufactured on existing production lines, sources with knowledge of the matter told Reuters.
Tesla has lost share to Chinese competitors, while Elon Musk’s political activities have led to steep declines in Tesla sales ...
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Orders for the revamped model, which starts from US$36,292 have crossed 200,000 units, according to Chinese tech site 36kr ...
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