Tesla delivering new model Y to Chinese customers

BEIJING/SHANGHAI – Tesla Inc said on Monday it has started delivering its Shanghai-made Model Y sports utility vehicles to customers in China.

A representative for the U.S. automaker made the comment in response to a query from Reuters.

The company obtained permission to start selling the cars from the Chinese government in November and has set a starting price of 339,900 yuan ($52,400). (Reuters)

($1 = 6.4858 Chinese yuan renminbi)