The Tesla Inc (NASDAQ: TSLA) Model Y was released this year, earlier than Tesla projected.We also recently learned the seven-seater version will start deliveries in December, even though Tesla's website listed 2021 availability. Now a new report from Tianfeng Securities is predicting Tesla will lower the price of the Model Y in China when it starts production and deliveries in the country, according to the website Seek Device.Tianfeng is forecasting a price of 275,000 yuan ($41,000) vs. the current price of $49,990 in the U.S.Tesla recently reduced the price of the Model 3 in China after introducing a new battery, which led to sales teams being overwhelmed with orders. Tianfeng Securities is also predicting that after the start of mass production in China, Model Y monthly sales could reach 30,000 units -- and annual sales are expected to reach 360,000 units.Benzinga's Take: Tesla's Gigafactory Shanghai has been instrumental in the company's explosive growth.Tesla set a new delivery record in the third quarter of 2020, and a big part of that was due to China deliveries. As Tesla continues building factories in Berlin and Texas, we can expect Tesla's growth to continue to explode. Photo courtesy of Tesla.Latest Ratings for TSLA DateFirmActionFromTo Oct 2020Goldman SachsMaintainsNeutral Oct 2020CitigroupMaintainsSell Oct 2020New StreetUpgradesNeutralBuy View More Analyst Ratings for TSLA View the Latest Analyst Ratings See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Why Goldman Sachs Is Raising Tesla's Price Target * Musk Claims Tesla Model S Price Will Be Lowered To ,420(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.