Tesla mulls low-cost Model Y to regain market share in China

Tesla mulls low-cost Model Y to regain market share in China - report
In a bid to regain market share in China, Tesla (NASDAQ:TSLA) is reportedly developing a lower-cost version of its best-selling Model Y in Shanghai. Citing people with knowledge of the matter, Reuters reported that the new model will be more compact and at least 20% cheaper to manufacture than the refreshed Model Y,
This could be Tesla’s next plan to recoup China market share at crunchtime for EV maker
Tesla has lost share to Chinese competitors, while Elon Musk’s political activities have led to steep declines in Tesla sales in Europe.
Tesla Develops Cheaper Model Y in China to Battle Growing Competition
The stripped-down SUV is aimed at recovering market share from Chinese makers offering less-expensive models.
Exclusive: Tesla plans Model Y costing at least 20% less to produce to defend China share, sources say
Tesla will make a lower-cost version of its best-selling Model Y in Shanghai, three people with knowledge of the matter said, aiming to regain ground lost during a price war in its second-largest market.
Tesla’s new Model Y order backlog in China is less than half of what was reported
A similar situation happened with the launch of the new Model 3 in China a year prior. The same people who are now starting the rumors about Tesla accumulating a big order backlog for the new Model Y claimed that Tesla received over 30,000 orders for Model 3 on its first day.
Tesla Model Y China order backlog less than half what was claimed, Electrek says
Rumors of a larger order backlog for Tesla’s (TSLA) latest Model Y in China are inaccurate, as demand for the car is less than half of what has
Tesla plans cheaper Model Y, targeting China market
Tesla will make a lower-cost version of its best-selling Model Y in Shanghai, three people with knowledge of the matter said, aiming to regain ground lost during a price war in its second-largest market.
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