Tesla receives 50,000 orders for redesigned Model Y in China, signaling strong sales potential

From Nasdaq: 2025-01-15 09:59:00

In China, Tesla received 50,000 orders for the redesigned Model Y within 24 hours, priced 5% higher than the previous version. The updated SUV offers a 10,000 RMB discount and a five-year interest-free loan. Deliveries are expected to start in March, with strong sales projections for the future.

The Model Y became China’s top-selling vehicle in 2024 with 480,309 units sold, marking strong performance for Tesla in the region. December saw a surge in sales, with 61,881 units sold, the third-highest monthly record in 2024. Marketing efforts and new features contributed to Tesla China’s success.

Tesla’s refreshed Model Y, named “Juniper,” is expected to attract more buyers in 2025 due to pent-up demand. Deliveries may extend into April or May despite the initial March timeline. The performance version of the Model Y has yet to be launched, with anticipation building for its release.

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Read more at Nasdaq: Tesla Gets Orders for 50K Redesigned Model Y in a Day in China