Tesla debuts China-made Model Y SUV

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

It’s official. On Monday, Tesla Inc (NASDAQ: TSLA) announced that it has started selling domestically-made Model Y’s in China. The company released a comment on Twitter saying simply “Model Y deliveries in China have officially begun.” 

Tesla broke ground on its Shanghai manufacturing plant two years ago, and the company delivered the first Model 3 sedans from the factory a little over one year ago. As the company expands its offerings from the facility, competing Chinese electric-vehicle (EV) makers have also been enlarging product portfolios. Nio Inc (NYSE: NIO) just unveiled its first luxury sedan at its “Nio Day” event…