Elon Musk: Tesla will not launch a "refreshed" version of the Model Y this year

Tesla CEO Elon Musk posted on the social media platform X last Saturday that the company will not launch a new model of Model Y this year. Musk stated, "Tesla will not release a 'refreshed' version of Model Y this year." He added that it is worth noting that Tesla continuously upgrades existing vehicles through OTA and other means, with significant improvements in many aspects every six months. It is understood that this is Musk's response to a user on X who said, "There are rumors that the refreshed version of Tesla Model Y will be launched next month... I find it hard to believe." Since March, Tesla has reduced the production of Model Y at its Shanghai Gigafactory by a double-digit percentage, while the price range of this model is facing fierce competition in the Chinese market. In addition, data from the China Association of Automobile Manufacturers shows that in March, the production of Model Y in China decreased by 17.7% year-on-year to 49,498 units, and in April, it decreased by 33% year-on-year to 36,610 units