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Tesla Model 3 and Model Y are making serious waves in China’s most notable EV sector
It is almost strange to see an automotive market open to vehicles of all segments being dominated by premium competitors. Yet this is precisely what seems to be happening in China, with the country’s recent EV sales rankings showing the Tesla Model 3 and the Tesla Model Y becoming two of the country’s best-selling electric cars.
Data aggregated by EVSalesBlog, a website that has been tracking electric vehicles’ sales figures across the globe for years, reveal that the Tesla Model 3 and Model Y are now making some serious waves in China’s electric vehicle sector. The Model 3 actually beat conventional best-sellers in the premium sedan segment, EV or otherwise, with the vehicle outselling the Audi A4, BMW 3-Series, and the Mercedes-Benz C-Class last month.
Tesla’s Model Y ramp in China is building momentum.
The #1 & #2 EVs sold in China last month were the $TSLA Model 3 & Model Y.
I’m excluding 17 horsepower death traps with no airbags and 75 miles of range that sell for ~$5K and take >6 hours to charge.
Source: EVSalesBlog pic.twitter.com/PZYp1Cf9mI
— James Stephenson (@ICannot_Enough) March 18, 2021
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The Model Y may be new on the block and its numbers may not be on the level of its sedan sibling yet, but the all-electric crossover is already showing a lot of potential. During its first months of production, the Model Y already outsold some of its local competitors from formidable brands like NIO and Xpeng, companies that also compete in the premium EV segment.
Granted, the Tesla Model 3 and Tesla Model Y are being outsold by the Wuling HongGuang Mini EV, GM’s uber-affordable electric car that’s priced at around $4,400. The Mini EV has led China’s electric car leaderboards for months, and it has outsold the Model 3 to a notable degree. However, a closer look at the Mini EV shows that the vehicle is actually not competing against the Model 3 and Model Y, regardless of what Tesla critics would suggest. This is because GM’s tiny electric car is competing in a far more modest market.
The Mini EV’s affordable price means that it’s a bare-bones vehicle fitted with a battery pack that ranges from 9.2 kWh to 13.8 kWh. It also has a curb weight that’s just above 1,400 lbs, as well as zero airbags. Together with its $4,400 price, the Mini EV’s small size and modest features make it more of a competitor against China’s healthy lineup of 2-3-wheeled vehicles, some of which are sold at the same price range as GM’s modest electric car.
Considering that the Mini EV is more of an inner-city vehicle that’s just a small step up from 2-3-wheeled alternatives, the country’s greater electric vehicle market seems ripe for domination. In this light, Tesla appears to be planting the right seeds with the Model 3 and Model Y, considering that the vehicles already outsell their local competition. What’s particularly exciting is that Tesla has a tendency to lower its vehicles’ prices over time, which suggests that the Model 3 and Model Y may be even more affordable in the future.
China’s EV leaderboards this year may see the $4,400 Wuling HongGuang Mini EV at the top for a while. But when it comes to the segment of serious vehicles that are truly capable of replacing the best internal combustion cars in every metric, the Tesla Model 3 and Tesla Model Y seem poised to take the country’s top spots.
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SpaceX will report second quarter results after the market closes on Tuesday, August 4, marking the first time the company has opened its books to the public since its record IPO in June. Management will host a live audio only webcast at 4:30 p.m. ET, streamed on X, with no dial in option.
The debut carries more weight than a typical first quarter as a public company. Two trading days after the release, on August 6, the first tranche of SpaceX’s lockup expires, freeing roughly 911.5 million insider and employee shares, worth well over $100 billion at current prices and the largest such release in Wall Street history. A second, larger tranche tied to the stock trading 30 percent above its $135 IPO price never triggered, since shares have spent most of July trading below that price.
Wall Street’s models point to revenue near $6.9 billion for the quarter, up sharply from the $4.69 billion SpaceX reported in the first quarter, with a narrower per share loss than the $1.27 posted three months earlier, according to estimates compiled by Motley Fool. Those numbers will be the first look at how SpaceX’s three segments, Starlink, launch and AI, are performing independently.
SpaceX scores another massive Pentagon deal to support military satellites
Investors heading into the call have a specific list of questions. How many net new Starlink subscribers did SpaceX add after ending March with 10.3 million, and is average revenue per user holding up as the service expands into lower income markets. How much of the AI segment’s revenue reflects contract signings with Anthropic, Google and Reflection AI this year, deals that combined could annualize to nearly $28 billion if fully ramped. Whether capital expenditures, which nearly doubled in the AI segment alone between 2024 and 2025, are still accelerating or starting to plateau. And whether management offers any forward guidance at all, something SpaceX has never done publicly.
The report will also land days after Elon Musk publicly denied a Wall Street Journal report describing internal planning to separate Tesla’s China business ahead of a potential Tesla-SpaceX merger. Whether Musk or SpaceX executives address that speculation on the call, even indirectly, maybe something investors will be listening for on Tuesday.
As Teslarati reported after Musk’s own warning to short sellers last week, the CEO has made clear he expects skeptics to be proven wrong over time. Tuesday will be the first chance for the numbers themselves to make that case.
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Elon Musk
SpaceX’s Starship just got filmed by its own cargo
SpaceX released new footage of Starship in space captured by the Starlink satellites it deployed.
SpaceX released a new video Friday evening showing Starship from an angle showcased by its own Starlink satellites, watching the rocket drift away in orbit.
The 65 second clip, posted on X, stitches together footage from four cameras mounted on a single Starlink V3 satellite. It opens with a close view of Starship’s 171 foot upper stage, still catching sunlight, then pulls back as the two spacecraft separate.
The footage comes from Starship’s 13th flight test, which launched July 24 from Starbase after a scrubbed attempt and an abort caused by an engine issue the week before. When Flight 13 finally flew, it carried the first batch of functional Starlink V3 satellites Starship has ever deployed, twenty of them, with six equipped with cameras meant to scan the ship’s heat shield during reentry.
View of Starship in space from a Starlink V3 satellite on Flight 13.
This composite is made of imagery from four separate cameras on a single satellite. Six of the satellites were equipped with cameras to scan Starship’s heat shield and transmit imagery down to operators to… pic.twitter.com/sNTHHz5vLr
— SpaceX (@SpaceX) July 31, 2026
Flight 13 checked most of its boxes. Starship deployed all 20 satellites, relit a Raptor engine in space, and splashed down softly in the Indian Ocean off Western Australia. Musk’s longer term plan calls for a Starlink V3 constellation of 100,000 satellites, according to a recent FCC filing, with Starship as the only vehicle capable of launching them at the volume that requires. Each Starship flight is designed to carry up to 60 V3 satellites once the vehicle reaches routine service, well beyond what Falcon 9 can carry in a single mission.
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Starship is next expected to fly with an attempt at catching the ship itself with the launch tower’s mechanical arms, a maneuver SpaceX has so far reserved for the Super Heavy booster.
Tesla flexed the new features of the Model Y L with a dedicated media event at the company’s Diner on Santa Monica Boulevard in Los Angeles.
The Model Y L is the extended-wheelbase version of the all-electric crossover, which has been voted the best-selling car in the world on three occasions. The vehicle is already rolling off production lines at Gigafactory Texas, and first deliveries are slated to take place later this year.
Tesla brings Model Y L ‘Launch Series’ to the U.S. at $61,990
Teslarati was invited to the event, but due to some scheduling conflicts, we could not make it to Los Angeles. Instead, we will have our hands on a media unit sometime in August, so we’ll be able to spend some more extended time with the Model Y L.
However, plenty of those who made it to LA shared some cool features that set the Model Y L apart from the Model Y.
Multi-Row Climate Control
Tesla fitted the Model Y L with full climate control on all three rows on the front screen. It can be adjusted by selecting which row you’d like to modify on the right-hand side of the touch screen:
The Model Y L has a little row of icons on the right side of the climate screen so the front passenger can more quickly jump to whatever row they want to control. pic.twitter.com/uJS44mgCvk
— Sawyer Merritt (@SawyerMerritt) July 30, 2026
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Better Rear Window Visibility
One of the strangest things about the Model Y, especially the Juniper iteration, is the rear window has extremely limited visibility when looking into the rearview mirror.
Tesla has improved upon this with the Model Y L:
This is a drastic difference. https://t.co/wTdhitD5aA pic.twitter.com/z6hFs0Jkss
— TESLARATI (@Teslarati) July 30, 2026
PowerShare will be included
Model Y L will come with PowerShare in North America, with an 11.5kW output to your home. Tesla said it would require Powerwall 3 for operation.
Wireless Charging Pad
There has been some speculation that Tesla would upgrade the wireless charging pads in the United States, but this is not the case.
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Tesla owner fixes common feature complaint with crafty DIY retrofit
Tesla confirmed that it does not come with the cooled pads as the Y L in China does. This is because North America has not adopted Qi charging yet.
Thermal Management Improvements
These improvements in the Model Y L were seen with thermal management:
- Up to 15% faster cabin cooling
- +23% thermal efficiency gained in hot weather, 7 miles of real-world range gained
- 8x more solar energy reflection off of glass roof
- 30% reduction in solar energy entering the cabin
Some of the thermal management improvements in the new Model Y L Premium:
• Up to 15% faster cabin cooling
• Up to 15 min faster cabin cooling in sunny conditions
• +23% thermal efficiency gained in hot weather +7 miles of real-world range gained
• +10 miles recovered after… pic.twitter.com/jZirFWFdtO— Sawyer Merritt (@SawyerMerritt) July 31, 2026
Demand
Tesla said the Model Y L is almost sold out in the U.S. It comes with
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- 1 year of FSD Supervised
- 1 year of Supercharging
- 1 year of Premium Connectivity
- Free exterior paint color, interior, and wheel option at no additional cost
SpaceX’s biggest test yet arrives this week and it’s not a rocket launch
SpaceX’s Starship just got filmed by its own cargo
