Tesla teases a new Model Y L variant is 'coming soon' in a video posted to Chinese social media

Core Insights - Tesla is set to launch a new variant of the Model Y, named Model Y L, which features three rows of seats and enhanced storage capabilities [1][2] - The Model Y L will have a wheelbase of 3,040 mm, making it nearly 200 mm longer than the standard Model Y [2] - The Model Y remains the most popular SUV in China, although Tesla's sales in the region have declined by nearly 12% year-over-year, with 129,000 vehicles sold in Q2 2025 [3] Product Features - The Model Y L includes two stand-alone "captain chairs" in the middle row, which have powered armrests and can fold down for additional storage [1][2] - A new logo with two small accents has been introduced on the Model Y L, along with a black headliner [2] Market Context - Tesla's sales in China are facing challenges due to intense competition from local manufacturers such as BYD, Xiaomi, and Xpeng [3][8] - In 2024, BYD sold 1.76 million battery electric cars, while Tesla sold 1.79 million, indicating a competitive landscape [3] - Xiaomi and Xpeng have launched their own SUVs at lower price points, further intensifying competition against Tesla [8]