News Snapshot:
Tesla Inc. said on Monday that it has initiated the delivery of its Shanghai-made Model Y sports utility vehicles to customers in China, Reuters has learnt. A representative for the US automaker made the comment in response to a query from Reuters. Back in November, the electric vehicle maker received permission from the Chinese government to start selling the cars and has set a starting price of 339,900 yuan ($52,400). Earlier this month, Tesla announced the launch of a cheaper variant of the Model Y, bringing its sports utility vehicle’s price closer to that of its Model 3 sedan, the...
