You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
846,885 square meters is 209 acres. Conversion listed is two square miles...
(It's numbers, with commas, thus market action.)
This is awesome news and comes in at the right time. Positive macros and positive Tesla news combined with a high beta are usually positive for the SP.
I am delighted that China is moving ahead quickly. The expansion of production capabilities have been one of my larger concerns. It feels like Elon has been careful on that front to avoid more discussions around Debt, CF and profitability.
Investing means more CapEx which I personally would have liked to happen earlier although its food for shorts. Having China locally funded makes this a pretty slick deal.
I wonder when we see the GF1 expanding too. Its the only location where they can make space for the Semi and Y and Roadster unless they want to do them in China as well which I doubt. Maybe the Y for the local market though.
On top of it they have the Battery, Battery Pack and Motor business under one roof as well. Thats how Elon said all future GF will be designed and it makes total sense as you avoid risks and costs to move the parts around.
We are moving to the model of, raw material in on one side and finished product out at the other and all of that for the market nearby.
For reference, I found that "The entire NUMMI facility covers about 370 acres." And according to the same source from 2010 "Tesla is buying 210 acres". I don't know if they now own the whole 370 acres? So the Shanghai facility could be huge!
How many levels?
500k/yr rate attained 2 to 3 years after production begins was the stated goal in July 2018.I think their initial target is 250k/year, i.e. about 5k/week. I don't think 10k/week was ever talked about?
I think their initial target is 250k/year, i.e. about 5k/week. I don't think 10k/week was ever talked about?
Totally agree, for the purpose of workaround tariff, lost's of things can be shipped there to assemble Model 3 if they do have plan to assemble 3, not Y only.The Shanghai Gigafactory could start making Model 3's a lot faster than people expect...
Production hell
Distribution hell
Service hell
For reference, I found that "The entire NUMMI facility covers about 370 acres." And according to the same source from 2010 "Tesla is buying 210 acres". I don't know if they now own the whole 370 acres? So the Shanghai facility could be huge!
"We expect construction to begin in the near future after we get all the necessary approvals and permits. From there, it will take roughly two years until we start producing vehicles and then another two to three years before the factory is fully ramped up to produce around 500,000 vehicles per year for Chinese customers."
Tesla makes Gigafactory 3 in China official, plans to start production in 2 years
This was on July 10, before the recent acceleration of plans.
Production hell
Distribution hell
Service hell
What do you find problematic here? It's not clear that the problem or solution is a material change to prior guidance. It is obvious that the service network must scale with the size of the Tesla fleet. That should be news to no one with a functioning brain. What Misk is articulating is a desire to fill in geographical gaps. This is a matter of where the network will grow, not how much will be invested. Materiality is a question of how much, not where.The SEC Twitter enforcement lawyer clearly hasn't understood the 3 months maybe, 6 months def meme, otherwise that tweet wouldn't have passed.
Production hell
Distribution hell
Service hell