Coronavirus Epidemic Delays Model 3 Deliveries in China

Tesla is delaying deliveries of Model 3 from Giga Shanghai as the country tries to contain the deadly coronavirus.  Giga Shanghai has been closed for about two weeks following government guidelines. “The proposed delivery (of cars) in early February will be delayed,” Tao Lin, vice president at Tesla, published on microblogging service Weibo, according to… Continue reading Coronavirus Epidemic Delays Model 3 Deliveries in China

Filing Confirms Tesla’s Battery Supply Deal With China’s CATL

Tesla and China’s top electric vehicle battery maker CATL have agreed to a supply agreement, according to a Reuters report. While the partnership had been previously acknowledged, a new filing confirms the deal. “‘Tesla will determine the battery purchase volume between July 2020 and June 2022, according to its own needs,’ CATL said in a… Continue reading Filing Confirms Tesla’s Battery Supply Deal With China’s CATL

Tesla Posts Q3 Profit

Tesla posted a surprise third quarter profit on Wednesday. The company reported revenue of $6.3 billion versus estimates of 6.45 billion with a gross margin of 18.9% versus estimates of 17.7%. According to the company’s Q3 2019 Update: Last year, our story was about ramping the Model 3. While total volumes are expected to grow by approximately… Continue reading Tesla Posts Q3 Profit

Tesla Ready to Begin Production in China

Tesla has received approval to begin production of vehicles at Gigafactory 3 in Shanghai, but still needs a “product certification” to start selling the cars in China. That final certification requires an initial run of vehicles to be inspected by the Chinese government. Model 3 sedans in various stages of production have been seen in… Continue reading Tesla Ready to Begin Production in China

Report: Tesla to Partner with LG for Batteries at Gigafactory 3

Tesla will reportedly contract LG to supply batteries for vehicles built at its Shanghai plant. The deal would diversify Tesla’s battery suppliers, as the company currently sources batteries from Panasonic. Reuters, citing sources close to the deal, reported that Tesla is still likely to use Panasonic batteries in the initial phase of production and source… Continue reading Report: Tesla to Partner with LG for Batteries at Gigafactory 3

Tesla’s Gigafactory 3 Going Up at Impressive Pace

Tesla’s Gigafactory 3 in Shanghai, China is taking form at Ludicrous speed. Construction of the 865,000 square meter Gigafactory 3 began only in December and is nearly complete. The massive factory will house production of the Model 3 and Model Y, as well as battery packs for vehicles. Musk has said that going forward, all… Continue reading Tesla’s Gigafactory 3 Going Up at Impressive Pace