- Joined
- Jan 21, 2009
- Messages
- 65,981
- Reaction score
- 23,408
- Gender
- Male
- Political Leaning
- Undisclosed
Bold, Irresponsible, Lackluster, Visionary --- you will find all these words, and many more, in articles and opinions about Tesla. However, wealthy entrepeneurs continue to gamble large sums of money on large potential future payouts. What other company has had the balls to take on the American Auto Industry? Although Tesla is still struggling with profitability margins, they are rolling cars off an assembly line in California.
But the Gigafactory being built in China is enormous.
View attachment 67262341
The May 2019 article is worth a read, but here are a few excerpts...
Tesla Gigafactory 3 building in Shanghai looks almost complete - Electrek
About 7 months ago, Tesla announced a deal with the Shanghai government to build a wholly owned local factory and only about 5 months ago, they secured the 210-acres of land for Gigafactory 3 in China necessary. They officially broke ground in January and plan to be done with the building by this summer.
Considering the size of the building, it seemed almost impossible, but a new drone video update shows that the building is almost complete (from Jason Yang):
...
When first announcing the plant, Tesla said that it expects “construction to begin in the near future” and that it “will take roughly two years” until they start volume production with a planned capacity of 200,000 units 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.
More recently, Musk said that Tesla wants to produce 3,000 Model 3 vehicles at Gigafactory 3 in Shanghai by the end of the year.
The CEO said that they plan to start production at the beginning of the fourth quarter.
This is insane! Build a plant this size and begin producing units, all within a year.
It is sickening given how much in tax exemption promotion by the USA government to Tesla. Why again did we finance Tesla to develop a technology and company for the purpose of moving the technology and production to China?