Tesla Shanghai

I hope we and the US put a big tariff to it and to all other Chinese made products
 
Tesla-Gigafactory-3-TSLAQ-2019-Recap_1200x.jpg


This is quite an achievement. Gigafactory 3 output is closing in on 2,000 electric sedans a week. The first deliveries of the Made-in-China Model 3 were completed before the end of December.

Tesla and a group of Chinese banks have agreed to a five-year loan worth 10 billion yuan, or around $1.4 billion, according to sources familiar with the matter. The loan will be used to assist Tesla in building the next phases of Gigafactory 3 in Shanghai and complete the payment of a 3.5 billion yuan debt that the company holds. The new 10 billion yuan loan administered by Chinese banks will have the best possible rate they can offer their clients: 90% of the country’s one-year benchmark rate.

Tesla has received support from the government in China as it will be the country’s first wholly-foreign owned car manufacturing plant. “We’re very appreciative of the Chinese government allowing us to do this. I think it is symbolic of them wanting to open the market and apply and it farewells to everyone. I’d just say like an order of appreciation for the Chinese government in allowing us to do that. It’s a very significant thing,” Elon Musk said.
https://www.teslarati.com/tesla-china-gigafactory-3-new-loan-model-3-production-ramp-report/

Tesla stocks are at an all time high and now they are working on giga factory 4 in Germany. It will be their biggest one to date. The Gigafactory in Eastern Germany will rise on a 741-acre property and is projected to produce 250,000 vehicles per year during its initial phase and will eventually ramp up to 500,000 units and then 750,000 annually. The facility is expected to initially generate jobs for 4,000 people working in three shifts.
https://www.teslarati.com/tesla-gigafactory-4-job-opportunities-interview/

Despite all the hate Tesla is killing in around the world and are becoming a dominant car manufacturer and a major disrupter.
 
This is only for the Chinese and Asian markets due to the import fees. They needed a plant inside to bypass this and the demand was huge in China. There is no intention to export these cars back to USA lol. Even the government and the banks helped Tesla get established because of the huge demand and their technology. There are already 2 Giga Factories in USA serving the NA market and are expanding and bringing the prices down. i.e. The base price of a Cybertruck truck costs similar to base price model 3. The Giga Factory 4 will serve Europe.
 
|2 /-\ | /|/ said:
This is only for the Chinese and Asian markets due to the import fees. They needed a plant inside to bypass this and the demand was huge in China. There is no intention to export these cars back to USA lol. Even the government and the banks helped Tesla get established because of the huge demand and their technology. There are already 2 Giga Factories in USA serving the NA market and are expanding and bringing the prices down. i.e. The base price of a Cybertruck truck costs similar to base price model 3. The Giga Factory 4 will serve Europe.
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if the Chinese can pay $50K plus for a car... good for them, I am happy for them as long as these are not imported to Canada,

Elon Musk should also move to China with his family, and enjoy the beauties and the freedoms that the regime provides
 
kstanb said:
if the Chinese can pay $50K plus for a car... good for them, I am happy for them as long as these are not imported to Canada,
...............
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We are committed to emission reduction. EV sales in
Ontario has declined after Doug Ford cancelled provincial
rebates. If people can only afford cheaper Tesla imported
from China we must reinstate the rebate program.
 
Mr.lover said:
Its really amazing how fast the Chinese work. From breaking ground to production in a year? It would take us that long just to get the final approvals after the plant is built, which would have probably taken 3-5 yrs.

https://www.msn.com/en-us/money/com...king-1000-cars-per-week/ar-BBYtGGr?li=BBnbfcN
Click to expand...

In terms of construction pace you can’t compare. They work 24/7. Only way in Canada we work 24/7 is for a lot more money and rightfully so, no owner in Canada wants to pay the premium cost. Safety is a non issue in China.
 
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