Tesla (TSLA) is developing a revamped Model Y version to be produced at its Shanghai Gigafactory, slated to start production in mid-2024, according to a report from Bloomberg. The updated Model Y will feature new tech such as ambient lighting.
Yahoo Finance’s Pras Subramanian analyzes Tesla’s product refresh as competition heats up in China, with domestic EV maker BYD (BYDDF) on pace to outsell Tesla for the first time ever this quarter.
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