Tesla's (NASDAQ:TSLA) Model 3 sedan and Model Y crossover are now experiencing reduced wait times in China, The first adjustment in wait times since November.
In China, the expected delivery period for the Model 3 Long Range has been updated to 2-6 weeks, a decrease from the previous 6-9 weeks, as indicated on Tesla's China website. The updated waiting period for the Model Y Long Range in China has also been revised to 2-6 weeks, showing a decrease from the prior 6-8 week timeframe.
The wait durations for other variations of both models remain consistent at 2-6 weeks, with the most recent adjustment aligning all versions of the Model 3 and Model Y to a 2-6 week waiting period.
Tesla’s factory, located in Shanghai, manufactures both the Model 3 and Model Y, boasting an annual capacity exceeding 950,000 vehicles, making it the company's largest facility worldwide.
Tesla China’s Model 3 presents two options: an entry-level rear-wheel drive version and a longer-range dual-motor all-wheel drive variant, starting at current prices of RMB 261,400 ($36,440) and RMB 297,400, respectively.
Meanwhile, the Model Y is available in three versions in China: the fundamental rear-wheel drive, the dual-motor all-wheel drive Model Y Long Range, and the dual-motor all-wheel drive Model Y Performance, starting at prices of RMB 266,400, RMB 306,400, and RMB 363,900, respectively.
According to the China Passenger Car Association (CPCA), Tesla sold a total of 82,432 vehicles manufactured in China in November. Of these, 65,504 were sold within China, while 16,928 units were exported.
Shares of TSLA are up 0.51% in pre-market trading on Thursday.