Tesla Unveils Much Cheaper Model Y in China After Months of Bad Press
- Standard-range version about 20% cheaper than longer-range one
- Tesla deliveries of China-made cars dropped 0.9% last month
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Tesla Inc. debuted a significantly cheaper version of its locally built Model Y sports utility vehicle in China as deliveries for June slipped amid concern a string of negative publicity may have soured consumer sentiment toward the electric-carmaking pioneer.
Wholesale shipments of China-made Teslas decreased 0.9% last month to 33,155 from 33,463 in May, data from China’s Passenger Car Association showed Thursday. May’s figure was a surge of almost 30% from April. The wholesale figures may not necessarily reflect the level of retail demand Tesla fields directly versus via traditional dealerships.