Tesla Model Y Sells Out in China, Delivery Dates Now Show Sometime in Q2

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We heard about heavy demand in China for the Tesla Model Y, and now it’s definitely real.

According to Tesla’s website, Model Y deliveries are now indicating sometime in Q2 of 2021. This would mean someone ordering today won’t get their Model Y in China until April, May or June of this year, according to @ray4tesla.

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Yesterday, a Tesla sales rep in Shanghai said Model Y orders beyond January 2-3 would be fulfilled in March, said @ray4tesla.

With early rumours of Model Y orders exceeding 100,000 in the first 10 hours, it now appears that is true. Tesla looks like it is on its way to a blockbuster year in China thanks to the Model Y.

Tesla launched Model Y sales in China on New Year’s day, offering some exclusive features, such as a heated steering wheel, HEPA filter with Bioweapon Defense Mode, and new trims for the front doors. It’s expected these features will eventually trickle down to Tesla Model Y builds at the company’s Fremont, California factory.

Even the Global Times, state-sponsored media in China, are talking about the popularity of the Model Y in the country.

 

One analyst firm’s report believes the Model Y in China has a staggering 30% gross margin.

It’s unclear if Tesla’s Gigafactory in Shanghai will be able to keep up with this initial Model Y demand. Estimates from Industrial Securities in China believe the factory is able to make 3,000 Model Y units per week, and up to 245,000 units for 2021.

The Long Range Model Y starts at 339,900 yuan ($52,041 USD), while the Performance version costs 369,900 yuan ($56,634 USD), significantly cheaper than the United States, while also aggressively undercutting local EV rivals in China.

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