Tesla gets approval to sell Model Y SUV in China

Tesla gets approval to sell Model Y SUV in China
  • Clock-gray 14:12
  • calendar-gray 30 November 2020

Tesla Inc. received approval to begin selling its Model Y sports utility vehicle on the Chinese market, the country's Industry and Technology Ministry said on its website on Monday, APA reports citing Teletrader.

Model Y SUV is being made in Tesla's Giga Shanghai factory, which created and shipped over 13,000 various vehicles during October.

Pushed by the positive sentiment and expansion plans, Tesla surpassed the $500 billion market cap last week.

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