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Tesla has started delivering its revamped Model Y in China.<\/p>\n
Announced on Feb. 26 through Tesla’s Weibo account<\/a>, according to Teslarati<\/a>, these new crossovers are rolling out of Tesla’s Shanghai factory<\/a>. Reports<\/a> suggest the company completed nearly 7,000 deliveries in the first week.<\/p>\n Tesla sales have been in a massive worldwide slump, including in China, as The Atlantic detailed<\/a>, where local EV companies have gained significant ground on the American automaker. Tesla still sold nearly half a million Model Ys<\/a> in China in 2024, but the company’s total EV sales dropped 49% year over year in February. CEO Elon Musk and Co. are surely hoping this refreshed version can help to turn the brand’s momentum back around in at least one market.<\/p>\n Tesla’s release of the Model Y in China comes at an odd time, though, as news broke on Friday that the company is also working on a cheaper Model Y for the Chinese market to compete with cheaper EVs there, costing 20% less to make, Car and Driver reported<\/a>. It remains to be seen whether this news could impact sales of the more expensive Model Y in the meantime, as would-be buyers may be confused by the prospect of a cheaper option under the same model coming soon.<\/p>\n Like all EVs, the Model Y can save money<\/a> on fuel costs over time.\u00a0More people switching to electric also means cleaner air. EVs cut down on pollution, giving the environment a much-needed break.<\/p>\n In the announcement that Teslarati relayed, Tesla China noted: “Congratulations to the car owners! As we said before: Just compare, you will know after trying it.”<\/p>\n Some EV fans in China expressed excitement about the release.<\/p>\n On X, formerly known as Twitter, Tsla Chan<\/a> (@Tslachan) posted<\/a>, “Tesla China began delivering the new Model Y on Feb. 26, and successfully delivered 6,660 units last week.”<\/p>\n Teslarati<\/a> (@Teslarati) chimed in, writing<\/a>, “Awesome look at Tesla’s deliveries of the new Model Y in China! At one point, Tesla had accumulated 170,000 reservations for this vehicle.”<\/p>\n Tesla’s stock price has plummeted in recent weeks, dropping to under $250 per share on a consistent basis over the last week after a high of $488.54 on Dec. 18. Massive sales for the Model Y or any other of the company’s releases could help to turn that back around.<\/p>\nWatch now: How easy is it really to charge an EV?<\/a><\/h4>\n