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Tesla has started trial production of its Model 3 vehicle in its new Shanghai factory, which CEO Elon Musk called a “template for future growth.”
This trial basis includes all aspects of production, including body, paint and general assembly. Tesla said it is clearing final regulatory hurdles such as finalizing its manufacturing license. Once complete, the company will begin ramping production and delivering vehicles, the automaker said Wednesday in its third-quarter earnings report.
Tesla - Factory - Capacity - Location - Europe
Tesla’s factory capacity is poised to grow even larger as it gets closer to picking a location in Europe for its third factory. The company said Wednesday it’s in the final stages of its site selection process. The eventual European factory is expected to produce both Model 3 and Model Y, Tesla said.
For now, Tesla’s future financial health is tied, in part, to its ability to ramp up sales in China, the world’s largest electric vehicle market.
July - Tesla - Deal - Government - Factory
In July 2018, Tesla struck a deal with the Chinese government to build a factory in Shanghai. It was a milestone for the Tesla and Musk, who has long viewed China as a crucial market. And...
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