Tesla will not launch a refreshed Model Y this year, according to CEO Elon Musk.
Tesla CEO Elon Musk said the company will not launch a refreshed Model Y this year, despite earlier reports suggesting a 2024 production revamp. Tesla has faced challenges in refreshing its ageing models due to high interest rates dampening demand for big-ticket items, while rivals in China introduce cheaper models. The carmaker's global vehicle deliveries declined in Q1 for the first time in nearly four years.
June 09, 2024
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