#tesla #ev #shanghai #yahoofinance
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. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
When it comes to BYD you should be more concerned about Ford and general motors slowing their EV pace. If they’re not competitive now, what makes them think they’re going to be competitive when the Chinese companies start flooding the US market. US automakers are headed towards a world of hurt when it comes to EVs.
For that matter, general motors can’t even get the software right on the new Blazer EV. It’s pretty pathetic.
Japanese automakers are doing even worse than GM trying to catch up to 2010. The EV market looks like a two horse race when you talk about global sales.
@@frankcoffey I don’t see any of them making it past 2030. You’re absolutly right, Tyota seems fine just sticking their heads in the sand.
Someone is going to nail robotaxis within the next ten years and when combines with the price of new vehicles something is going to have to give.
The question we should be propared for is are we going to bail out multiple US care brands that refused to change and have no path forward?
Dumpy?!?! Bruh you high???
Can’t wait for the new model Y coming to Europe 😍😍😍
Can’t wait to buy the new Model Y refresh…….