'Tesla Plans To Showcase Updated Model 3 With Musk In Shanghai' - BNN Bloomberg
Portfolio Pulse from Happy Mohamed
Tesla plans to showcase an updated Model 3 sedan during CEO Elon Musk's visit to the Shanghai factory. The company faces pressure to refresh its product line in China, its largest sales market after the US, as local competitors seize market share.
May 31, 2023 | 6:41 pm
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Tesla's updated Model 3 reveal in Shanghai may help the company regain market share in China, its largest sales market after the US.
Tesla is facing pressure to refresh its product line in China, where local competitors have been seizing market share. The updated Model 3, with its longer and sportier design, may help Tesla regain market share and improve its position in the Chinese market. This could have a positive short-term impact on Tesla's stock price.
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