Tesla has unveiled its updated Model Y, now available to order in the US, Canada, UK, and mainland Europe, following its earlier launch in China. The refreshed model showcases a longer driving range and features a striking new design, including a Cybertruck-inspired light bar. Priced at $59,990 in the US, deliveries are set to begin in March. This release comes as Tesla faces its first sales decline, attributed to intense competition from Chinese EV makers like BYD, Nio, and Xpeng, which have seen significant sales growth.
Tesla's updated Model Y, now available for order, features a longer range and a design overhaul, aiming to combat increasing competition from Chinese electric vehicle manufacturers.
The refreshed Model Y includes full self-driving capabilities, starting at $59,990 in the U.S. with deliveries set to begin in March, reflecting Tesla's commitment to maintaining market leadership.
Elon Musk's company has seen its first sales drop with a 1% decline in deliveries, signaling intensified competition as other EV manufacturers like BYD gain market traction.
BYD's sales surge of 12% and the increase in smaller competitors' sales starkly contrast Tesla's recent performance, highlighting the fierce competition in the EV market.
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