- Tesla has registered a new, longer-range Model Y variant in China, named Model Y+.
- The move aims to refresh the company’s lineup amid criticism over its aging vehicles.
- Chinese regulatory filings first revealed the Model Y+ designation.
- Recent quarters have seen a decline in Tesla‘s global deliveries, with ambitious targets for the fourth quarter.
- Tesla shares fell 2%, though the stock remains up 7% in 2025 and 79% year-over-year.
Tesla is expanding its electric vehicle offerings in China, registering plans for a longer-range variant of its Model Y, officially named Model Y+, according to Chinese ministry filings made public Thursday. The introduction of this new model is part of the company’s steps to modernize its vehicle selection.
As reported through Reuters, the company’s filing signals a renewed push into the competitive Chinese market. At the time of the announcement, Tesla‘s shares declined by 2%.
In China, Tesla recently updated its Model Y lineup, launching a refreshed model in January and a long wheelbase Model YL variant in August. The lineup now includes a rear-wheel drive version, a long-range all-wheel drive, and a six-seat configuration. The registration of Model Y+ adds a new choice aimed at appealing to consumers interested in extended driving range.
Earlier this week in the United States, Tesla also introduced two less expensive versions of the Model 3 sedan and Model Y SUV, raising the total available variants for each model to four.
Vehicle deliveries for Tesla dropped in both the first and second quarters of 2025. The company reported 336,681 deliveries in the first quarter, down nearly 13% from the previous year, and 384,122 in the second quarter, a 13.5% year-over-year decline. Despite a rebound in the third quarter with a 7.4% rise to 497,099 vehicles, Tesla must deliver more than 570,000 units in the fourth quarter to match its 2024 annual total.
As of the latest update, Tesla shares are up 7% since the start of the year and have gained 79% over the past twelve months.
Previous Articles:
- Gold Hits $4,000, Investors Eye Bitcoin as Dollar Crashes
- Bybit Becomes First Exchange with Full SCA License in UAE
- Ethereum Foundation Unveils Kohaku Wallet Amid Rising Privacy Concerns
- Gold, Silver, Bitcoin Rally Signals Rising Geopolitical Tensions
- Bybit Secures UAE SCA License, Plans Abu Dhabi Expansion
