<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong>'s <span>TSLA</span> six-seater Model Y L is reportedly sold out in the Chinese market amid the company's poor sales in multiple regions.</p><h2>Model Y L's Strong China Performance</h2><p>According to the official Tesla China website on Wednesday, deliveries for the Model Y L won't take place until November 2025, indicating that the EV giant has run out of Model Y L units for the rest of September as well as the entirety of October.</p><p>The news comes as it was reported that the Model Y L had received over 120,000 orders in China since its launch, with local sales officials saying that it was averaging 10,000 orders a day.</p><p><em>Source: Tesla China (Originally in Chinese)</em></p><h2>Model 3 Price Cuts, Tesla China Sales</h2><p>Meanwhile, Tesla also announced a 3.7% price cut for the Model 3 Long Range sedan in China. The EV, available for more $36,000 in the Chinese market, offers almost 500 miles of range on a single charge and faces stiff competition from <strong>Xpeng Inc.</strong>'s <span>XPEV</span> P7 sedan launched for $30,000.</p><p>Tesla's performance in China could also provide the company with some relief despite sales woes, as Elon Musk's EV giant recorded 14.3k new insured registrations in China, a 41% growth over the previous quarter.</p><h2>Tesla's U.S. Market Share Falls, BYD Renews India Push</h2><p>Elsewhere, Tesla's U.S. market share fell below 40% for the first time since October 2017, with the automaker capturing over 38% of the U.S. EV sector despite the segment experiencing record growth, largely driven by the ending of IRA incentives.</p><p>The company's rival <strong>BYD Co. Ltd.</strong> <span>BYDDY</span> <span>BYDDF</span>, on the other hand, has renewed its push in the Indian market, where Tesla recorded slower-than-expected growth, accumulating 600 orders for the $70,000 Model Y, the company's sole offering in the region.</p><p>Tesla scores well on Momentum and Growth metrics, while offering satisfactory Quality, but poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga's Future Of Mobility coverage by</em><em> following this link</em><em>.</em></p><ul> <li>Elon Musk Says The Government Is ‘Unfixable,' Hails Trump's Crypto Czar David Sacks: ‘Haven't Been To DC Since May'</li> </ul><p><em>Photo courtesy: Around the World Photos On Shutterstock.com</em></p></div></div></div>

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<p>Tesla's Model Y L has received over 120,000 orders in China, leading to a supply shortage until November 2025. The company reported an average of 10,000 orders daily, but deliveries are halted for September and October. Additionally, Tesla announced a 3.7% price cut for the Model 3 Long Range sedan in China, now priced over $36,000. Despite challenges in the U.S. market, where Tesla's share fell below 40%, the company saw a 41% increase in new registrations in China.</p>

- Tesla Inc.'s six-seater Model Y L is sold out in China, with deliveries postponed until November 2025 due to over 120,000 orders since its launch.  
- The company also announced a 3.7% price cut for the Model 3 Long Range sedan, now priced over $36,000, amid increasing competition.  
- Despite challenges in the U.S. market, where Tesla's share fell below 40%, the company saw a 41% growth in new insured registrations in China.  

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As Tesla Model Y L Orders Cross 120,000 In China, Supply Exhausted Until November