Tesla Inc’s (TSLA) mid-size sports utility vehicle Model Y would now take even longer with deliveries in China, the electric vehicle maker’s website shows.
What Happened
The delivery time for the $43,200 Model Y standard range is now stretched to 10–14 weeks, from the earlier 6–10 weeks range.The delivery for the Long Range and the Performance variant is estimated to take place in the fourth quarter; cnEVpost first reported on the development.
Why It Matters
Tesla launched the locally made Model Y standard range in July and started customer deliveries on August 26. The entry-level variant of Model Y uses CATL’s more affordable lithium iron phosphate batteries.The Elon Musk-led company sold 54,391 electric vehicles to dealers in China in October, a rise of 348 percent on a year-on-year basis, as per China Passenger Car Association.
Price Action
Tesla shares closed at zero percent at $1,067.95 a share on Wednesdau.By Rachit Vats
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