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Tesla Sees ‘Slow Demand’ For New Model Y

  • Tesla's new Model Y compact electric SUV is facing slow demand globally amidst a broader sales slump for the EV maker.
  • The new Model Y is being sold with attractive financing offers and is readily available in many parts of the world, indicating weaker demand compared to its predecessor.
  • Tesla is offering promotions like low-interest rates and discounts to boost sales of the new Model Y in the US and other countries.
  • There are reports of slow sales of the new Model Y, leading to reduced work shifts for employees at Tesla's Austin plant and an overall decline in Tesla sales worldwide this year.

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