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Soon, all Teslas will be made in China
Posted on 10/21/20 at 9:04 am
Posted on 10/21/20 at 9:04 am
LINK
quote:
Hong Kong (CNN Business)Tesla (TSLA) began making cars in China about a year ago to bolster its presence in the world's largest auto market. Now the country is about to become an even more critical part of its global strategy. The electric automaker will soon start exporting Chinese-made vehicles to Europe, Chinese state-run news outlet Xinhua reported Monday. The company wants to start shipping Model 3 sedans from Shanghai as early as next week to Germany, Italy and Switzerland, among other destinations, according to Xinhua.
quote:
CEO Elon Musk has previously called the Shanghai Gigafactory, which first began churning out cars about a year ago, a "template for future growth."
quote:
The company has told shareholders that the facility was about 65% cheaper to build than its Model 3 production plant in the United States. And it is significantly less expensive to build a Model 3 in China than America, said Sofya Bakhta, a marketing strategy analyst at Daxue Consulting, a Chinese research firm.
quote:
Meanwhile, the Chinese auto market is predicted to become even more critical in the coming years. "Ultimately, we see China representing 40%+ of global sales for the company potentially by early 2022," Wedbush analysts wrote.
14
Posted on 10/21/20 at 9:06 am to RedRifle
The EV repair business worldwide will boom as a result.
Posted on 10/21/20 at 9:10 am to RedRifle
quote:
Soon, all Teslas will be made in China
You mean, except for the ones being made in that new factory they are building outside Austin, TX?
Posted on 10/21/20 at 9:14 am to goofball
quote:
You mean, except for the ones being made in that new factory they are building outside Austin, TX?
And Berlin.
It's unfortunate that Musk is going to learn the hard way when China invites their own electric cars in 5 years that magically look and run exactly like a Tesla.
This post was edited on 10/21/20 at 9:16 am
Posted on 10/21/20 at 9:26 am to RedRifle
Yet another great application of US tax dollars in the form of subsidies
Posted on 10/21/20 at 9:41 am to tiger7166
quote:
Yet another great application of US tax dollars in the form of subsidies
Yeap! It helped launch a business that is now worth $397B and employs almost 50K Americans while also creating billions in wealth for stockholders
By comparison, Ford employs 87K
Internationally diverse production is standard in most segments these days
Posted on 10/21/20 at 9:45 am to RedRifle
quote:
Teslas will be made in China
So forget about correcting the build quality issues? Definitely will not see initial quality improve from dead last.
This post was edited on 10/21/20 at 9:53 am
Posted on 10/21/20 at 9:59 am to RedRifle
If I had cash I'd be investing in whoever builds and replaces the infrastructure of the grid. The demand on it in the coming years will be incredible. We will eventually have all electric cars in time but can you imagine the load on the grid even 50 years from now?
Posted on 10/21/20 at 10:01 am to waiting4saturday
I dont think he is too concerned with trademarks. His whole goal is to move the whole sectors to EV. He would give their ideas away for market growth.
Posted on 10/21/20 at 10:04 am to waiting4saturday
quote:
when China invites their own electric cars
Yes and no. Tesla's magic isn't in the build or design of the car. Where they crush everyone is the control systems, battery conditioning, supercharger network etc. They'll be programming cars remotely without letting china touch them. They're doing the same thing in the residential battery space and absolutely killing every competitor that tries to mimic them.
This post was edited on 10/21/20 at 10:14 am
Posted on 10/21/20 at 10:24 am to RedRifle
I don't see your subject line (soon, all Teslas will be made in China) mentioned anywhere in the article you linked.
Posted on 10/21/20 at 10:28 am to jcaz
quote:
If I had cash I'd be investing in whoever builds and replaces the infrastructure of the grid. The demand on it in the coming years will be incredible. We will eventually have all electric cars in time but can you imagine the load on the grid even 50 years from now
Hint: It starts with "Nu" and ends with "clear".
Posted on 10/21/20 at 10:35 am to LegendInMyMind
quote:
Hint: It starts with "Nu" and ends with "clear".
That's generation, I think he's talking about transmission. There are several large energy infrastructure construction companies.
Posted on 10/21/20 at 10:36 am to RedRifle
Disappointing. I really hoped that manufacturing would stay in the US.
Posted on 10/21/20 at 10:37 am to waiting4saturday
quote:
It's unfortunate that Musk is going to learn the hard way when China invites their own electric cars in 5 years that magically look and run exactly like a Tesla.
Posted on 10/21/20 at 10:52 am to DeafJam73
quote:
Disappointing. I really hoped that manufacturing would stay in the US.
The article states: "The company wants to start shipping Model 3 sedans from Shanghai as early as next week to Germany, Italy and Switzerland, among other destinations"
It is not feasible for Tesla manufacture every Tesla in the USA and then sell them worldwide. Even General Motors has 27 plants in China.
Posted on 10/21/20 at 1:24 pm to RedRifle
quote:Well, that's just good business, but...
The company has told shareholders that the facility was about 65% cheaper to build than its Model 3 production plant in the United States.
quote:Define soon...Tesla has factories that haven't even been built yet in the US and overseas, so not sure how "soon" you think it'll be.
Soon, all Teslas will be made in China
This post was edited on 10/21/20 at 1:25 pm
Posted on 10/21/20 at 1:25 pm to tiger7166
quote:Teslas no longer come with any tax credit for buyers, so now you can complain about all the other US auto companies doing the exact same thing...or just complain about Tesla doing it and ignore the other companies.
Yet another great application of US tax dollars in the form of subsidies
This post was edited on 10/21/20 at 1:26 pm
Posted on 10/21/20 at 1:27 pm to shel311
quote:But Tesla Corporation still receives carbon tax credits that it can sell.
Teslas no longer come with any tax credit for buyers,
Posted on 10/21/20 at 1:28 pm to RedRifle
Camilla Harris will sell out to China if that party is elected. Cost of business will be too much in the US.
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