Tesla will not launch refreshed Model Y this year, Musk says

Tesla, opens new tab will not launch a refreshed Model Y this year, chief executive Elon Musk said in a post on social media X on Saturday, Reuters reported.

“No Model Y ‘refresh’ is coming out this year”, Musk said, adding that Tesla continuously improves its cars, “so even a car that is 6 months newer will be a little better.”

Tesla has been slow to refresh its ageing models as high interest rates have sapped consumer appetite for big-ticket items, while rivals in China, the world’s largest auto market, are rolling out cheaper models.