Tesla is launching a refreshed Model Y in China as it takes on local rivals
1. Tesla launched a refreshed Model Y in China amid fierce local competition. 2. The new Model Y features a longer range and updated design elements. 3. Tesla faces pressure as annual sales decline while competitors like BYD thrive. 4. No US release date for the updated Model Y has been announced yet. 5. Workers from the Cybertruck line have shifted focus to Model Y production.