Teslas are doing well in their segment in China. They have a very good reputation for reliability compared to Chinese EVs in their price point. Most other EVs sold in China are 2x cheaper than the cheapest Tesla.
And in China Teslas get the same rebates as other local manufacturers but Tesla chooses to keep high profit margins thus they cost more than local competition even if manufacturing cost is roughly the same.
Regarding model Y refresh - there are a lot of buyers who wait for fire-sales just before new models come out. This evens out those that wait for the facelift.
Anyway - EV market is not doing good rn. It is a miracle that Tesla only fell by 100k in deliveries.

I don't think many are 'waiting' for new Tesla's.

Lets face it - China has 'State Sponsored' industries.

There is NO WAY Tesla or anyone else can compete with that.

Hence here in the US Biden (and now Trump) and import Tariffs.

More then likely people waiting for the Model Y refresh. Part of the issue of having few models is any refresh news results in drop of sales as people wait for the new one or try to wait for old ones to get discounted.

Well, I do like Teslas, they have a very refined style and not as complex as the Chinese ones, what is clear is that they have to lower the prices since they are still too high.
We are all waiting for a smaller Tesla with 5 seats but measuring 4 meters, which they have been promising for more than 4 years.

Tesla's look like crap... So ugly!  Even a Xiaomi EV outclasses Tesla in looks.  It's a miracle Tesla survived for so long in China.