Tesla plans Model Y costing at least 20% less to produce to defend China share, sources say

Tesla Model Y getting even cheaper version – report

Tesla is reportedly planning a smaller version of the Model Y that's cheaper to build as it looks to defend market share in the crucial Chinese market.

Selling your Tesla has become more difficult. Several car dealers do not want to take them in for sale and prices are on the way down. – I believe in a price reduction of up to 20 percent. Tesla also has quality problems, says Ronny Svensson, CEO of the company car company Ynnor.

Tesla is in trouble in China, its largest market outside the United States, where it has been raining and weathering for years.

Tesla releases refreshed Model Y in China, preps cheaper version for future: 'You will know after trying it'

Tesla has started delivering its revamped Model Y in China.  Announced on Feb. 26 through Tesla's Weibo account, according to Teslarati, these new crossovers are rolling out of Tesla's Shanghai factory. Reports suggest the company completed nearly 7,000 deliveries in the first week.  Tesla sales have been in a massive worldwide slump, including in China, as The Atlantic detailed, where local EV companies have gained significant ground on the Ame…

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 'Affordable' EV Reportedly Will Be Stripped-Down Model Y

The upcoming Tesla "affordable" EV will be a lower-priced, stripped-down Model Y, according to reports. Tesla stock is down for the week. The post Tesla's 'Affordable' EV Reportedly Will Be Stripped-Down Model Y appeared first on Investor's Business Daily.