In a bid to maintain its dominant position in the rapidly growing electric vehicle (EV) market, Tesla Inc (NASDAQ:TSLA) is reportedly planning to debut an updated Model Y from its Shanghai plant. This move comes as a strategic response to the increasing competition from Warren Buffett-backed BYD (OTC:BYDDF) (OTC:BYDDY). What Happened: Elon Musk’s Tesla is getting ready for the production of the revamped Model Y sport utility vehicle in China, with mass production potentially starting in mid-2024, Bloomberg reported, citing sources. The 2024 Model Y will feature more significant exterior and in…
