Tesla indicated longer waiting times for potential buyers of some versions of the Model Y in China. The automaker's website showed the waiting time was a week longer on Monday than it had been on Friday
buyers in China are waiting longer for certain versions of its Model Y car, suggesting the electric-vehicle maker's decision to cut prices is stoking demand in its second-largest market.
The company's shares rose about 6% to close at $119.77 on Monday after losing 68% over the past 12 months. It was the most actively traded stock on U.S. exchanges, with more than 228 million shares changing hands. People check a Tesla Model Y electric vehicle displayed at its booth during the 2021 China International Fair for Trade in Services in Beijing, China September 4, 2021.
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