Prospective Tesla Inc buyers in China are waiting longer for certain versions of its Model Y car, suggesting the electric-vehicle maker's decision to cut prices is stoking demand in its second-largest market.
The waiting time for orders of the rear-wheel-drive and long-range versions of Model Y was a week longer on Monday than it had been on Friday, Tesla's website showed.
The company's shares rose about 8% to $122.20 on Monday after losing 68% in the past 12 months.
The wait as of Monday was two to five weeks on those models.
The wait time for all versions of the
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