Tesla Inc. released an updated version of the Model Y in China, with improved configurations and the same starting price, in a push to better compete with local rivals.
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Tesla launches updated Model Y in China, keeps starting price unchangedU.S. automaker Tesla on Sunday released an updated version of its Model Y in China, with minor changes to the vehicle's exterior and interior. The changes include a new wheel design, according to a post by Tesla's official WeChat account. The starting price in China for the Model Y, the company's global best-seller, was unchanged at 263,900 yuan ($36,146).
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Tesla launches updated Model Y in China, keeps starting price unchangedSHANGHAI (Reuters) - U.S. automaker Tesla on Sunday released an updated version of its Model Y in China, with minor changes to the vehicle's exterior ...
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Tesla's revised Model 3 could be bigger for company than Cybertruck: JournalistTesla's (TSLA) Cybertruck has yet to be released, but many wondering how the model will fair in the current market given the demand for more affordable vehicles. David Undercoffler, Autolist Editor-in-Chief joins Yahoo Finance to discuss what lies in store for Tesla going into the next fiscal year and how the Cybertruck may fair in this pricing environment. 'I would be very surprised if the actual Cybertruck hit the road in the next year to 18 months and it a starting price of had anything lower than $60,000. That is an expensive proposition right out of the gate,' says Undercoffler, remaining skeptical on the future performance of the vehicle with most consumers. However, Undercoffler says the company's revised Model 3 is 'bigger news' given that the refresh has potential to generate more interest and boost sales. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Tesla's deliveries expected to fall on plant shutdowns, soft demandTesla may miss estimates for third-quarter deliveries due to planned factory shutdowns and soft demand that led the automaker to boost discounts, several Wall Street analysts warned in the run-up to the report that could come as early as Sunday. Brokerages including Barclays, Baird and Guggenheim blamed the potential weakness on downtime at the automaker's plants in Europe and China to upgrade equipment and prepare for the production of the updated Model 3 sedan and the Cybertruck. But the retooling could help power a strong fourth quarter by allowing Tesla to refresh its aging vehicle line-up with models that could compete better with offerings from U.S. rivals such as Ford and BYD in China, the brokerages said.
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Volkswagen: to build Trinity model at Zwickau, no further plant neededBERLIN (Reuters) - Volkswagen plans to build its Trinity electric vehicles (EV) at its factory in Zwickau, the company said in a statement on Friday.
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