Elon Musk Unveils Tesla Model Y Plan at Shanghai Gigafatory

Elon Musk surprised attendees at a Shanghai event with dancers, highlighting Tesla's impact on the local economy. Government officials praised Tesla's role in economic growth, and Musk announced the Model Y program in China. The factory's rapid construction was aided by government support, and Tesla faces challenges from local and international competitors. Despite a market slump, Tesla plans to cut Model 3 prices to boost competitiveness, with strong initial demand indicated by rising registrations.

How has the electric vehicle segment in China changed recently according to the text?

What are the sales forecasts for Model 3s made in China?