Tesla Ends 3.5% Higher as It Readies a Six-Seat Version of the Model Y for China

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Tesla Ends 3.5% Higher as It Readies a Six-Seat Version of the Model Y for China

Bloomberg2025-07-17

Tesla Inc. is preparing to launch a longer, six-seat version of its Model Y sport utility vehicle in China, where the carmaker has been losing ground to domestic manufacturers with fresher lineups.The...

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The filing lists LG New Energy as the battery supplier.Tesla confirmed the upcoming release on the Chinese social media platform Weibo, sharing two images of the SUV along with the caption: “Model Y L, see you in the autumn!” The carmaker’s shares rose 3.5% on Wednesday in New York trading.While Tesla just snapped an eight-month streak of declining shipments from its Shanghai factory, the US automaker continued to lag behind industrywide growth in electric vehicle wholesales in June. Domestic rivals led by BYD Co. have rolled out diverse ranges of competitively priced EVs with advanced features, and smartphone giant Xiaomi Corp. has taken on Tesla’s products directly.Tesla didn’t offer further information about the new model, such as pricing. 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