Tesla is upgrading its Model Y in China.
AdvertisementTesla is giving its Model Y an upgrade in China.
Tesla is also launching red, gray, and silver color options in China for the Model Y, which is one of the company's most popular products.
Chinese EV company BYD overtook Tesla as the world's biggest EV maker last year, surpassing Musk's company's fourth-quarter sales.
AdvertisementWhile the competition between Tesla and BYD has ramped up, Musk has seemingly attempted to distance his company from its Chinese counterpart.
Persons:
—, Tesla, Musk's company's, Musk
Organizations:
CNBC, Tesla, Service, EV, Economic, BYD, Business
Locations:
China, WeChat, Shanghai