There's a price war going on among China EVs that's helping to lift sales.
Electric-vehicle maker Tesla introduced an updated version of its best-selling Model Y in China on Sunday, Reuters reported.Tesla stock was up 0.6% to $251.79 in the premarket.
There’s a price war going on among EVs in China that’s leading to increased deliveries for NIO , Li Auto )LI) and XPeng . Tesla is due to report third-quarter unit sales on Monday. Tesla’s new Model Y move follows an upgraded Model 3 in early September that increased its driving range.
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