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Industry insiders note that such auto shows often cater more to corporate networking and partnerships rather than consumer engagement. Elon Musk's strategy of careful spending may imply that Tesla sees limited value in participating. Some believe that this lack of participation reflects confidence in the brand's standing in the market rather than a desperate need for visibility.
The Model Y: A Best-Seller in China
While Tesla missed the auto show, excitement continues to build around the new Model Y, which is reportedly seeing a resurgence in registrations. Recent data revealed a remarkable 77% increase in Model Y registrations in the week ending April 27, suggesting that despite prevailing competition and market rumors of decline, Tesla still holds substantial consumer appeal.