Tesla Further Extends Delivery Time for Model Y Standard Range in China

By Benzinga
Benzinga
Benzinga
November 11, 2021 Updated: November 11, 2021

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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Benzinga