Warren Buffett's Investing Partner's Shocking Final Move

Before he passed away, Charlie Munger, Warren Buffett's investing partner of 60 years, was rumored to have quietly made one final investment... Up until now, it has remained hidden from the public. It's potentially the smartest, most profitable, and most under-valued AI investment you can make today.

Tesla To Suspend Parts Of Refreshed Model Y Lines In Shanghai For 3 Weeks: Report

Anan Ashraf
January 15, 2025

EV giant Tesla Inc. (NASDAQ:TSLA) reportedly plans to suspend parts of its manufacturing lines in Shanghai dedicated to making its refreshed Model Y SUV.

What Happened: Tesla is planning to suspend part of the lines for its refreshed Model Y for around three weeks over Chinese New Year, Bloomberg News reported, citing people familiar with the matter. The suspension is aimed at prepping the lines for ramped-up production of the new model, the report said.

The pause on parts of the Model Y lines will be from Jan. 22 through Feb. 14, the report said while adding that another portion of the factory that makes the company’s Model 3 sedans will also be closed from Jan. 26 to Feb. 3.

Tesla did not immediately respond to Benzinga’s request for comment.

Why It Matters: Tesla launched its refreshed Model Y in China last week. The refreshed vehicle starts at 263,500 yuan on Tesla's website, nearly 5.4% pricier than the older version of the vehicle which started at 249,900 yuan.

The new Model Y, Tesla says on the website, has a "longer range, new design and higher quality interior," among other changes. Deliveries of the new vehicle are expected to start in March.

The launch of a refreshed Model Y in a key market follows Tesla’s first annual decline in vehicle deliveries in over a decade. Tesla reported global deliveries of 1.79 million vehicles in 2024, down from full-year deliveries of 1.81 million in 2023.

Chinese EV giant BYD Co Ltd is also fast closing in on Tesla’s position as the world’s best-selling battery electric vehicle brand. BYD delivered over 1.76 million BEVs in 2024, only 24,234 units less than Tesla.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Read Next:

  • Cybertruck Success Comes At A Cost: Tesla Sells Nearly 39,000 Units In 2024, But Luxury Model S And X Sales Take A Hit In US, Data Shows

Photo courtesy: Tesla

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