Tesla launched a revamped version of its Model Y in China to compete with local rivals, starting at 263,500 Chinese yuan. The new Model Y is only available for pre-sale in China, with deliveries beginning in March 2025. The redesign includes a sharper front end and new features like improved suspension and a rear passenger touchscreen display. Tesla's stock is up nearly 70% over the last year, despite reporting its first annual decline in overall deliveries for 2024.