Important Innovations

  Tesla Rapidly Expanding Production in China                                             Source:  Tesla Shanghai Tesla Model Y and Model 3 Production Tesla Giga Shanghai facility is rapidly expanding production.  It is targeting the production of 200.000 Model Y's annually and 450,000 Model 3's  Those two vehicles will combine to produce 650,000 vehicles yearly by Tesla's new Giga Shanghai facility.  The Tesla Model Ys will begin production in November in Shanghai.  A fully  functional Model 3 factory has been built in record time at the Shanghai plant. And a second phase of construction is just about complete for the Model Y all-electric crossover production facility. What Does This Mean For Tesla in China? The stakes for Tesla expanding production in China are huge.  The Model Y production in the gigafactory could greatly expand Tesla's reach into the Chinese mainstream auto market. The Model 3 is the first vehicle that Tesla produced in China and it is very successf

Global Record Turnaround for New $2Billion Tesla Plant in Shanghai Source:  Tesla's Gigafactory in Shanghai World's First China-Made Model 3 Electric Sedans Tesla today, as promised, started delivering its Model 3 electric sedans made in its brand new $2 billion Shanghai Gigafactory.  The turnaround time is amazing.  Tesla started construction on the plant less than a year ago.  Delivering finished cars so quickly is a world record for global automakers in China.  It's another great achievement for the American electric vehicle maker Tesla and for its founder/CEO Elon Musk. World's Biggest EV Market Tesla says it will start ramping up deliveries in January 2020.  The Chinese-made version of the Model 3 is priced at $50,000.  China is the world's biggest car market and the world's biggest electric vehicle market.  Tesla is clearly capitalizing on and investing in the market opportunity.  Tesla's Shanghai plant is China's first wholly foreign-ow