Tesla's Model Y Long Range Delivery Time Just Got A Lot Longer In China
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has extended the estimated delivery time for its Model Y Long Range in China from 2-6 weeks to 6-8 weeks. The Model Y rear-wheel drive and high-performance edition are the only Tesla vehicles one can take delivery of in 2-6 weeks in China. Tesla also unveiled the refreshed Model 3 in China and other regions, priced 12% higher than the former Model 3 vehicle. Additionally, Tesla cut prices on its higher-end Model S and X vehicles in China and the U.S. by between 14% and 21%.
September 04, 2023 | 8:04 am
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Extended delivery time for Tesla's Model Y Long Range in China may impact sales in the short term. The price cut on Model S and X vehicles and the higher price for the refreshed Model 3 could affect revenue and profitability.
The extended delivery time for the Model Y Long Range in China could potentially lead to a decrease in sales in the short term as customers may opt for other models or brands with shorter delivery times. The price cut on the higher-end Model S and X vehicles could lead to a decrease in revenue per unit sold, while the higher price for the refreshed Model 3 could potentially increase revenue per unit sold. However, the overall impact on Tesla's profitability will depend on the volume of sales for each model.
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