Tesla Inc. (NASDAQ:TSLA) is one of the best growth stocks to buy for the next 2 years. On September 2, Tesla began delivering its China-built, six-seat Model Y L to customers in China. This is the first Tesla product specifically designed for families in the Chinese market.
The Model Y L, with a starting price of 339,000 yuan (~$47,446), has a length of 4,997 mm, a width of 1,920 mm, and a height of 1,668 mm, with a wheelbase of 3,040 mm. It has a range of 751 kilometers (467 miles) on a single charge and can accelerate from 0 to 62 mph in 4.5 seconds, with a top speed of 125 mph. This is in contrast to the standard, five-seat Model Y, which is smaller with a length of 4,797 mm, a width of 2,129 mm, a height of 1,624 mm, and a wheelbase of 2,890 mm.
The launch comes as Tesla faces increasing competition from local EV startups like Xpeng, Nio, and Xiaomi. According to the China Passenger Car Association, shipments from Tesla’s Shanghai plant fell 14% year-over-year to ~432,000 units in the first 7 months of 2025. Tesla also cut the price of its long-range rear-wheel-drive Model 3 variant by 10,000 yuan (~$1,400) on September 1. The variant was initially priced at $37,747 when it went on sale on August 12 and now sells for $36,347.
Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells EVs, and energy generation & storage systems in the US, China, and internationally.
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Disclosure: None. This article is originally published at Insider Monkey.
