Tesla Model Y Refresh Gets 50,000 Reservations In China On First Day: Could Update Help EV Leader In 2025?

1. Tesla received 50,000 Model Y preorders on the first day. 2. The Model Y refresh aims to strengthen Tesla's market share in China. 3. Global Tesla vehicle deliveries declined for the first time year-over-year. 4. The refreshed Model Y is crucial amidst increasing EV competition. 5. Sales of Model Y in the U.S. decreased by 6.6% year-over-year.