Tesla slashes Model Y delivery time to minimum of 4 weeks
Xiaolu Chu/Getty Images News


After upgrading production lines at Shanghai plant, Elon Musk's Tesla (NASDAQ:TSLA) has slashed the delivery waiting time for its Model 3 and Model Y cars in China - Reuters.
The waiting time for the rear-wheel drive Model Y sport utility vehicle is now four to eight weeks, while buyers of other versions of the SUV and Model 3 sedans need to wait for 12 to 20 weeks.

 The EV giant previously said a buyer in China had to wait for eight to 24 weeks after placing an order for the best-selling models.
The company has completed a major upgrade of the production lines at its Shanghai plant, its most productive manufacturing hub, and is ramping up output with a target of making 22,000 Model 3 and Model Y cars combined each week.
Chief Executive Elon Musk has said production is a bigger challenge for the company than demand. It is struggling to increase output in its Berlin and Texas plants, while production losses during a two-month COVID-19 lockdown in Shanghai hurt Tesla's profit margin in the second quarter.
The company has paused taking orders for its Cybertruck outside North America, and also for Model 3 Long Range vehicles in the United States and Canada, citing big delivery backlogs.
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TSLA stock gained 37% over a period of one year.