Tesla, Inc. (NASDAQ:TSLA) is one of the Trending AI Stocks in Focus This Week. On August 19, Reuters reported that Tesla has started accepting orders for its new Model Y L in China. As shown on the website,

CEO Elon Musk said its new Model Y variant, launched in China, may never enter production domestically, citing the rise of self-driving vehicles.

Tesla China has priced its six-seat Model Y variant about 30 per cent higher than its basic edition and has started accepting orders from customers who prefer spacious, long-range electric vehicles (EVs) for family use.

Tesla is quietly walking back one of the more polarizing changes it introduced with the updated Model 3 Highland.

China is one of the largest EV markets in the world and an important market for Tesla. Competition is increasing and a smartphone company is the latest to challenge Tesla.

Tesla is shipping the Model 3 in China with a turn signal stalk while also offering it as a retrofit to owners who have already taken delivery of their vehicles