Weekly Tesla Update (June 25): Price hike for Model Y, Model S, and Model X, shares dip, updates on 4680 battery rollout settlement.

Weekly Tesla Update (June 25): Price hike for Model Y, Model S, and Model X, shares dip, updates on 4680 battery rollout settlement.

Tesla Upgrades Model Y Battery Pack in China, Boosting Range and Competitiveness

Tesla has made significant strides in enhancing the battery technology of its Model Y in China, introducing a new lithium-ion battery pack that increases the vehicle's driving range to approximately 600 km (373 miles) without a price hike.

The upgrade, which utilizes advanced CATL M3P or updated Panasonic cells, aims to improve efficiency and acceleration. In addition, Tesla has introduced a Long Model Y variant in China, featuring a slightly longer wheelbase, all-wheel drive, and an NMC battery supplied by LG Energy Solution (LGES). This variant provides slightly more power than the regular Model Y.

The base Model Y comes equipped with a 62.5 kWh lithium iron phosphate (LFP) battery, offering a CLTC range of approximately 593 km according to official Chinese specifications. This move by Tesla to offer different battery chemistries for various trims highlights the company's commitment to diversification in the Chinese market.

The improvements made to the Model Y not only enhance its competitiveness in China but also pave the way for continuous efficiency and power boosts in the future. Tesla's strategy appears to be to improve value and performance to maintain market share amidst strong local EV competition.

In other news, Tesla has visually updated the Model Y, both inside and out. The vehicle has also been improved with smaller brake calipers that reduce wind resistance.

Meanwhile, an arbitration court has ruled that Matthews International, the owner of Saueressig, has the right to offer a crucial technology developed by Saueressig for batteries to other companies.

Across the 15 largest European markets, Tesla sales fell by around 47% to 9,605 electric vehicles. The Model S and Model X have become significantly more expensive in Germany, while Tesla removed a €6,000 discount on its best-selling Model Y at the start of the year.

Elsewhere, BYD, Tesla's Chinese rival, plans to reveal plans for "smart driving" across its entire electric vehicle lineup, likely including features like Tesla's Autopilot and the FSD AI software. All versions of Model S and Model X are now again offered with free charging at Superchargers.

However, it seems that the widely anticipated refresh of the Model Y could have been delayed across Europe. The exact timeline for this refresh remains unclear.

| Aspect | Details | |-----------------------------|------------------------------------------------| | Battery pack upgrade | New lithium-ion (CATL M3P and Panasonic cells) | | Range improvement | Up to 600 km (373 miles) | | Base battery capacity | 62.5 kWh (LFP chemistry for base model) | | Long Model Y variant | Slightly longer, AWD, LGES NMC battery, ~340 kW power | | Market impact | Enhances competitiveness in China | | Future updates | Continuous efficiency and power boosts planned | | Sales performance | 47% drop in sales across 15 largest European markets | | Price changes | Increased prices for Model S and Model X in Germany | | Discount removal | €6,000 discount removed from Model Y in Germany | | Arbitration ruling | Saueressig battery technology available to other companies | | BYD plans | Smart driving features for entire electric vehicle lineup | | Supercharger offer | Free charging for all versions of Model S and Model X | | Model Y refresh delay | Potential delay in Europe, timeline unclear |

1. Beyond the Model Y's battery upgrade in China, Tesla is also exploring various technologies to boost its business and competitiveness in the stock-market.
2. The shift towards electric-vehicles, such as the Model Y, is also reflected in Tesla's efforts to diversify its finance portfolio, investing in different battery chemistries for a lifestyle apostropie greater variety of consumers.
3. As Tesla continues to innovate in technology, the advancements in battery technology could have implications beyond cars, potentially influencing the broader electricity storage industry.
4. Technology advancements don't just apply to vehicles, as Tesla's smart driving features will soon be available in its electric vehicles lineup, similar to its Chinese rival, BYD.

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