Tesla's Refreshed Model Y Receives 50,000 Orders on First Day in China

Production of the updated Model Y begins in Germany as Tesla aims to bolster its global sales after a slight decline in 2024.

Tesla's refreshed Model Y, featuring a redesigned exterior, refined interior, and improved suspension, secured 50,000 preorders on its first day of availability in China.
The updated Model Y has started production at Tesla's Gigafactory Berlin, though orders in Europe and North America have not yet opened.
The new version is expected to help Tesla recover from a 1% decline in global vehicle deliveries in 2024, the first such drop in the company's history.
China remains a bright spot for Tesla, with the Model Y seeing strong demand, while sales in Europe and the U.S. declined last year.
Deliveries of the refreshed Model Y are set to begin in March for China and May for markets like Australia and New Zealand, with North America expected to follow later.