Tesla Delivers 1st China Model 3
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 wholl...