Tesla’s New Growth Engine? Six-Seater Luxury EV Model Y L to Launch This Autumn

Source Tradingkey

TradingKey - On July 16, ahead of U.S. market open, Tesla officially announced that its six-seat luxury all-electric SUV — the Model Y L — will begin deliveries in Q3 2025. The new model is the latest move by Tesla to address concerns over its aging product lineup and to reignite sales momentum.

Following the announcement, Tesla shares reversed earlier losses and turned positive, rising 0.70% pre-market.

A new vehicle listing released by China’s Ministry of Industry and Information Technology (MIIT) on July 16 included a six-passenger electric SUV with product code TSL6500BEVBA0 — widely believed to be the upcoming Model Y L.

Tesla’s official Weibo account confirmed the news: “Model Y L — Coming this golden autumn .”

A New Luxury Segment Between Model Y and Model X

Sources suggest that the Model Y L is positioned between the current Model Y and the high-end Model X, offering:

  • Extended range
  • Spacious interior and six-seat layout
  • Higher-end materials and luxury features

It is expected to be priced around RMB 400,000, placing it in the premium electric SUV segment.

The model is not limited to China — reports indicate it will also be rolled out in Europe and the U.S., expanding Tesla’s reach in global markets.

Addressing Investor Concerns Over Product Aging

Tesla’s product refresh comes in response to growing concerns from investors over product lineup aging and weakening brand appeal.

In June, the California New Car Dealers Association reported that Tesla’s EV market share in the state fell from 55.55% in Q4 2024 to 43.9% in Q1 2025 — citing both product stagnation and negative sentiment around Musk’s political engagement.

Last month, HSBC noted in a report that Tesla’s recent sales weakness stemmed from product aging, stronger competition and brand image concerns. It also suggested that the updated Model Y would offer only limited upside to sales.

While Wall Street banks remain focused on the potential impact of Tesla’s low-cost EV strategy on volume growth, the company’s willingness to refresh its lineup and expand into new segments is seen as a positive development.

Some analysts believe the Model Y L could better meet consumer demand for space and practicality, especially among family buyers and multi-passenger users.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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