Tesla Inc. plans to suspend part of the lines manufacturing its recently refreshed Model Y sport utility vehicle in Shanghai for around three weeks over Chinese New Year so it can better optimize equipment,

The outgoing Model Y was the best-selling new car in China last year, but globally, Tesla barely edged out BYD as the number one EV brand

The Juniper facelift for Tesla’s midsize crossover will take some time to appear in all regions, and the US is not at the head of the line.

Tesla (TSLA) plans to temporarily suspend some of its production lines for its Model Y electric vehicle in China for three weeks, as reported by Bloomberg. The stoppage will allow for upgrades to be made to the Giga Shanghai facility.

"I'd be hard pressed to declare Tesla a winner in China," said Bill Russo, Shanghai-based founder and CEO of Automobility, "they are struggling to keep pace and have a limited and aging product ...

The better-looking Model Y will probably be coming to the U.S. soon, but Tesla doesn't really confirm these things anymore.

Tesla has been at the top of the electric vehicle segment for a while now, but its influence could be waning as a result of politics and competition.

Tesla, Inc. TSLA reportedly received 50,000 orders for its redesigned Model Y within 24 hours in China. Per BofA Securities, the updated SUV is priced 5% higher than the previous version.

The updated Model Y, is a major step as the American carmaker faces increasing competition from local EV giants BYD and Xiaomi.

Tesla plans to suspend part of the lines manufacturing its recently refreshed Model Y sport utility vehicles in Shanghai for around three weeks over Chinese New Year, Bloomberg News reported on Wednesday,

China’s biggest EV maker, BYD, built more electric cars than Tesla in 2024, signaling a global shift toward cheaper electric cars.