Core Viewpoint - Tesla has launched the Model Y Long Range Rear-Wheel Drive version in China, starting at 288,500 yuan, with a battery capacity of 78.4 kWh and a CLTC range of up to 821 km [2][3]. Group 1: Model Launch and Specifications - The new Model Y Long Range Rear-Wheel Drive version features a 78.4 kWh battery, offering a range of 821 km with 19-inch wheels and 756 km with 20-inch wheels, a 0-100 km/h acceleration time of 5.6 seconds, and a top speed of 201 km/h, with expected delivery in 2 to 4 weeks [3]. - The Model Y lineup now includes four variants: Rear-Wheel Drive (starting at 263,500 yuan), Long Range Rear-Wheel Drive (starting at 288,500 yuan), Long Range All-Wheel Drive (starting at 313,500 yuan), and the six-seat Model Y L [3]. Group 2: Production and Delivery Performance - In Q3 2025, Tesla produced approximately 447,000 electric vehicles and delivered 497,000 units, marking a 7.4% year-over-year increase and setting a new quarterly delivery record, significantly exceeding analyst expectations of 448,000 units [5]. - The delivery volume for Model 3/Y reached 481,000 units, reflecting a 9.4% year-over-year growth [5]. Group 3: Market Dynamics and Sales Growth - Analysts attribute Tesla's strong Q3 delivery performance to a robust recovery in the Chinese market and a preemptive surge in demand in the U.S. market before the expiration of electric vehicle tax incentives [6]. - In September, Tesla's Shanghai Gigafactory delivered over 90,000 vehicles, with sales in China exceeding 71,000 units, a 25% month-over-month increase [8]. - In Q3, Tesla's sales in China reached 169,200 units, a 31% quarter-over-quarter increase, achieving a new high for the year [8]. Group 4: Incentives and Tax Implications - The upcoming reduction in new energy vehicle purchase tax is expected to impact electric vehicle sales, as 2023 is the last year for full exemption, with a potential tax increase of about 10,000 yuan for the Model 3 starting in 2024 [8]. - To stimulate sales, Tesla is offering various incentives until October 31, including zero-interest financing for five years on Model Y and three years on Model Y L, along with cash bonuses and free transfer of smart driving assistance [8]. Group 5: Stock Performance and Future Plans - Tesla's stock has surged approximately 40% in Q3 after a significant drop in Q1, with the stock closing at $429.52 and a market capitalization of $143 billion as of November 7 [7][8]. - During the annual shareholder meeting, Elon Musk announced plans for the Roadster 2 release in April 2024 and the need to build a large chip factory, potentially in collaboration with Intel [10][11].