Tesla Inc (NASDAQ:TSLA) CEO Elon Musk has confirmed that the company will not be launching a refreshed Model Y this year. What Happened: On Saturday, Musk posted, “No Model Y ‘refresh’ is coming out this year,” while emphasizing that Tesla continuously improves its vehicles, making even a car that is six-months newer slightly better. Tesla has been slow to update its older models amid high interest rates that have dampened consumer demand for high-priced items. Meanwhile, competitors in China, the largest auto market globally, are introducing more affordable models. According to Reuters, Tesla…
