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Tesla Debuts China-Made Model Y SUV

TheMotleyFool

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It's official. On Monday, Tesla (NASDAQ: TSLA) announced that it has started selling domestically-made Model Y's in China. The company released a comment on Twitter saying simply "Model Y deliveries in China have officially begun."

Tesla broke ground on its Shanghai manufacturing plant two years ago, and the company delivered the first Model 3 sedans from the factory a little over one year ago. As the company expands its offerings from the facility, competing Chinese electric-vehicle (EV) makers have also been enlarging product portfolios. NIO (NYSE: NIO) just unveiled its first luxury sedan at its "NIO Day" event earlier this month.

Source Fool.com

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