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As a pro-USA person, I want them to accomplish this feat in China in plain view of us so that the impedimentarians in USA can be shoved back into their hole. I know they'll try to use this to say that the centralist method is superior, but it's actually the centralist method that has been slowing down USA, not speeding it up.
Are you predicting that Fremont Tesla factory will never make Model 3 back in 2017? How about Model S back in 2013? Give your track record now for past events so we can gauge what you think of future events.I hope you realize the hard part of this is going to be installing all the equipment and training the workers. The factory is not so much a building you occupy, but a machine that you have to design, construct, test and calibrate to get working the way it is intended.
Once the building is up and the drone videos go dark, we will only have reports from Tesla to go by... and the number of cars being pushed out the door.
Are you predicting that Fremont Tesla factory will never make Model 3 back in 2017? How about Model S back in 2013? Give your track record now for past events so we can gauge what you think of future events.
Small relevant tidbit from the quarterly : Tesla has drawn $11M from the $520M loan facility for the Chinese gigafactory and is paying 3.9% interest.
Considering how much of the factory was done at the end of March (A LOT), I'm fairly impressed that Tesla has only spent $11 million on it so far. Did they get a very good deal from the construction firms?Small relevant tidbit from the quarterly : Tesla has drawn $11M from the $520M loan facility for the Chinese gigafactory and is paying 3.9% interest.
Considering how much of the factory was done at the end of March (A LOT), I'm fairly impressed that Tesla has only spent $11 million on it so far. Did they get a very good deal from the construction firms?
Groundbreaking was on January 6. Even with 90-day terms, they should have been paying for those dozen giant pile drivers by April.
Here's where they were on Jan 26th:Either that grading and pile driving -- including the site offices and 24-hour work -- only costs $11 million, or they're getting very generous payment terms.
I suspect they're getting very generous payment terms.
Tesla's 500m capex estimate basically covers tooling. Building and equipment seem more like build-to-suit lease assets.I hesitate to draw too specific of a conclusion, but one relevant observation is that USD goes further in China than the US.
Cost of Living Index by Country 2019
So that $11M might have purchased something more like $22M or $33M in US terms worth of construction work.
However exactly it's happening, there's clearly a lot of activity and forward progress, for not a lot of money out of pocket so far. I anticipate there will be more money out of pocket coming