Tesla announces 1.2b optimization of Shanghai factory
3 years ago

Tesla announces 1.2b optimization of Shanghai factory

China Daily  

Employees work at the Tesla gigafactory in Shanghai, Nov 20, 2020. Tesla, the US new energy vehicle manufacturer, will invest 1.2 billion yuan to optimize its production line at its gigafactory in Shanghai, Beijing News reported. Environmental protection investment has reached 85 million yuan, accounting for 7.08 percent of the total, according to the company's environmental impact assessment report, and Tesla said it has already completed the carbon footprint and emission accounting for the project. As the major export center of Tesla, the gigafactory in Shanghai not only deliver cars for the Chinese market, but also exports a large amount of Model 3 and Model Y vehicles to the Asia-Pacific region and Europe. The company's third-quarter financial report showed the Shanghai gigafactory has an annualized production capacity of over 450,000 vehicles.

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History of this topic

Tesla boosted by China sales, Shanghai plant
2 months, 3 weeks ago

Tesla boosted by China sales, Shanghai plant

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. China is becoming a crucial market for Tesla, with the American electric-vehicle maker offering incentives to boost sales there and its Shanghai factory recently exporting its millionth vehicle. "China, which accounts for one-third of Tesla's sales, is a major growth driver," said Scott Acheychek, chief operating officer of REX Financial, …

Tesla included into Chinese government purchase list
5 months, 3 weeks ago

Tesla included into Chinese government purchase list

China Daily  

Potential car buyers seen at a Tesla showroom in Shanghai. CHINA DAILY Tesla Inc has been included into a government procurement list of East China's Jiangsu province, which marked the United States electric vehicle giant's first time entry into a local government purchasing list in China. The move came at a time when Tesla proposed to test its robotaxi and …

Beijing E-town welcomes a new lithium-ion battery factory
6 months ago

Beijing E-town welcomes a new lithium-ion battery factory

China Daily  

The Beijing Economic-Technological Development Area has gathered a group of leading vehicle manufacturers, including Beijing Benz and Xiaomi Auto. "The Beijing Economic-Technological Development Area has gathered a group of leading new energy vehicle manufacturers, holding enormous market potential," said the company. The high-end and new energy automobile industry in Beijing E-town has an annual output value exceeding 200 billion yuan, …

Tesla attempts to woo Chinese customers with free California factory tour as sales growth slows and competition rises
6 months, 3 weeks ago

Tesla attempts to woo Chinese customers with free California factory tour as sales growth slows and competition rises

Hindustan Times  

Tesla is offering its Chinese customers a chance to win a tour of its factory in Fremont, California, due to slowing sales and increasing competition. This came just a day after it said customers could win a free two-day, one-night trip for two to Gigafactory Shanghai if they took a test drive from any Tesla store in China before June …

Foreign carmakers continue to expand production in China
6 months, 3 weeks ago

Foreign carmakers continue to expand production in China

China Daily  

The groundbreaking ceremony of Tesla's mega factory in Shanghai, May 23, 2024. Many foreign automotive manufacturers have doubled down on their investments in China: Volkswagen AG established its largest R&D center outside Germany in China, focusing on the research of intelligent connected vehicles. Tesla's Shanghai mega factory has become the company's major export hub in the world, accounting for more …

China's new-energy sector draws interest of global investors
7 months ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

New Tesla energy storage plant breaks ground in development
7 months ago

New Tesla energy storage plant breaks ground in development

China Daily  

Tesla's energy storage plant in eastern Shanghai's Lin-gang Special Area broke ground on Thursday. Tesla's energy storage plant in eastern Shanghai's Lin-gang Special Area broke ground on Thursday, marking a major progress forward of this facility - the US electric carmaker's first of such facility outside its home country. The total investment of Tesla's energy storage plant in Lin-gang will …

Tesla secures major construction permit
7 months, 1 week ago

Tesla secures major construction permit

China Daily  

A view of a Tesla showroom in Shanghai. With its construction permit obtained on Monday, US electric vehicle maker Tesla's energy storage project in Lin-gang, eastern Shanghai — the first of its kind outside the United States — is expected to break ground this month and enter mass production in the first quarter of 2025. Covering some 200,000 square meters, …

Tesla secures major construction permit
7 months, 1 week ago

Tesla secures major construction permit

China Daily  

A view of a Tesla showroom in Shanghai. With its construction permit obtained on Monday, US electric vehicle maker Tesla's energy storage project in Lin-gang, eastern Shanghai — the first of its kind outside the United States — is expected to break ground this month and enter mass production in the first quarter of 2025. Covering some 200,000 square meters, …

Tesla clears hurdles in China's electric vehicle market
7 months, 2 weeks ago

Tesla clears hurdles in China's electric vehicle market

China Daily  

A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China on Jan 7, 2019. For Tesla, "it's a good thing, because it's one more domino knocked down, in order for them to be able to potentially get the data from those cars out to America," Mark Rainford, an influencer in the automotive industry and …

Tesla’s China-made EV sales fall 18% year on year in April
7 months, 2 weeks ago

Tesla’s China-made EV sales fall 18% year on year in April

The Hindu  

U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, China Passenger Car Association data showed on May 7. China's new-energy vehicle sales including battery-powered EVs and plug-in hybrids were estimated to hit 8,00,000 units in April, up 33% on the year and a 2% drop from the month before, according to CPCA data. …

Tesla CEO Elon Musk visits China during Beijing auto show
7 months, 3 weeks ago

Tesla CEO Elon Musk visits China during Beijing auto show

The Hindu  

Tesla CEO Elon Musk met with a top government leader in the Chinese capital on Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Mr. Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show
7 months, 3 weeks ago

Tesla CEO Musk visits China as competitors show off new electric vehicles at Beijing auto show

Associated Press  

BEIJING — Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla’s operations in China as …

Chinese automakers redefine the car as a living space at Beijing Auto Show
7 months, 4 weeks ago

Chinese automakers redefine the car as a living space at Beijing Auto Show

Associated Press  

BEIJING — How about turning a car’s front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? The seemingly never-ending efforts of China’s electric car makers to redefine the automobile went on display Thursday at the opening of the nation’s largest annual auto show. …

Tesla to focus on low-cost cars: No India, Mexico factory plans now?
8 months ago

Tesla to focus on low-cost cars: No India, Mexico factory plans now?

Hindustan Times  

Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term. "I think it's a positive that he's not just barreling ahead with an expansion plan, ignoring the challenges in the market and …

Tesla cuts China, US prices after slow sales, rising inventories
8 months ago

Tesla cuts China, US prices after slow sales, rising inventories

Hindustan Times  

Elon Musk-led Tesla has slashed prices in China and the United States following a disappointing first quarter sales that led to a swelling inventory. In the United States, the cheapest version of Tesla's Model Y is priced at $42,990 Recently, Elon Musk in a memo to 1.40 lakh company employees announced that he was reducing workforce by more than 10 …

Tesla to cut more than 10% of global workforce
8 months, 1 week ago

Tesla to cut more than 10% of global workforce

China Daily  

Tesla, facing increasing competition and declining sales of its electric vehicles, said Monday that it would lay off more than 10 percent of its global workforce to cut costs. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," Tesla CEO …

Detroit may be making the same mistake on EVs that it made with Japane
10 months ago

Detroit may be making the same mistake on EVs that it made with Japane

Live Mint  

Once upon a time, Japanese cars were seen as exotic vehicles that could never take on the might of Ford and General Motors. “Corolla, New Economy Car, Is Shown Here by Toyota," the New York Times yawned in a 1968 headline, introducing history’s best-selling automobile to the US market. With designers focused on large, powerful gas-guzzlers that earned better margins …

European carmakers raise £4bn for gigafactories in race to cut reliance on China
10 months, 1 week ago

European carmakers raise £4bn for gigafactories in race to cut reliance on China

The Telegraph  

Europe’s largest car manufacturers have borrowed €4.4bn to build three new battery factories in the EU as the bloc seeks to cut dependence on China. A joint venture between Mercedes-Benz and Fiat-owner Stellantis has borrowed the funds to build new electric vehicle “gigafactories” across the continent over the next few years. ACC was set up in 2020 to become a …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
10 months, 4 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

Tesla slashes prices in China, struggling to keep a competitive edge in luxury EVs segment in booming market
11 months, 1 week ago

Tesla slashes prices in China, struggling to keep a competitive edge in luxury EVs segment in booming market

Firstpost  

Tesla has implemented price cuts of up to 6 per cent on its Shanghai-manufactured vehicles as it seeks to maintain its dominant position in the premium segment of the world’s largest electric vehicle market. These adjustments follow Tesla’s month-on-month sales growth of 15.7 per cent to 75,805 units in mainland China in December, according to data from the China Passenger …

China’s BYD is rivaling Tesla in size. Can it also match its global reach?
11 months, 3 weeks ago

China’s BYD is rivaling Tesla in size. Can it also match its global reach?

Associated Press  

BEIJING — A less flashy Chinese electric vehicle maker is fast closing the gap with Tesla, the longtime, market-leading pioneer. The rise of BYD and other Chinese electric vehicle makers is a challenge not only for Tesla but also the world’s major automakers as Chinese competitors push into Europe, Southeast Asia and other overseas markets with a relatively affordable option …

Tesla to revamp Model Y SUV as early as next year
11 months, 4 weeks ago

Tesla to revamp Model Y SUV as early as next year

Live Mint  

-- Tesla Inc. is preparing to roll out a revamped version of its smash hit Model Y from its Shanghai plant, according to people familiar with the matter, as domestic rivals accelerate product launches amid heated competition. The US electric carmaker is currently conducting preparation work in China for its refreshed Model Y sport utility vehicle and mass production may …

Tesla moves forward with a plan to build an energy-storage battery factory in China
1 year ago

Tesla moves forward with a plan to build an energy-storage battery factory in China

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy American electric automaker Tesla's plans …

Tesla moves forward with a plan to build an energy-storage battery factory in China
1 year ago

Tesla moves forward with a plan to build an energy-storage battery factory in China

Associated Press  

BEIJING — American electric automaker Tesla’s plans to produce energy-storage batteries in China moved forward on Friday with a signing ceremony for the land acquisition for a new factory in Shanghai, China’s state media said. China is a major market and manufacturing center for Tesla, and the company’s CEO, Elon Musk, has built close ties with Chinese officials even as …

Tesla ready to open factory in India, but has this condition
1 year, 1 month ago

Tesla ready to open factory in India, but has this condition

Hindustan Times  

Tesla is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty on its vehicles to 15% for the first two years of operations, the Economic Times reported on Friday. Prime Minister Narendra Modi met Tesla chief executive Elon Musk during a state visit to the US in June. The …

Tesla in India: Elon Musk’s EV company set to sign deal to start importing cars, set up $2bn factory
1 year, 1 month ago

Tesla in India: Elon Musk’s EV company set to sign deal to start importing cars, set up $2bn factory

Firstpost  

Tesla is expected to invest about $2 billion initially for its manufacturing plant. Tesla may also explore the possibility of manufacturing its batteries in India It seems that Tesla is set to enter the Indian market in 2024, first through imported cars and then later selling India-made Teslas. India is reportedly on the verge of finalizing an agreement with Tesla …

Tesla on its way to 'double components imports from India', says Piyush Goyal
1 year, 1 month ago

Tesla on its way to 'double components imports from India', says Piyush Goyal

India Today  

Union Minister Piyush Goyal said on Tuesday that US electric car manufacturer Tesla Inc. is in the process of doubling its imports of components from India. Goyal shared this development on the social media platform X, formerly known as Twitter, following his visit to Tesla's state-of-the-art manufacturing facility in Fremont, California. It is on its way to double its components …

Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%
1 year, 1 month ago

Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%

Associated Press  

BEIJING — Sales of passenger cars rose 10.2% in October over a year earlier, an industry association said Wednesday, as makers ramped up promotions and customers opted for electric and hybrid vehicles. Sales of electric and hybrid vehicles climbed 37.5% from a year earlier, accounting for 767,000 of the 2.03 million vehicles sold in October, the China Passenger Car Association …

Tesla to discuss India factory for Rs 20 lakh EV with commerce minister: Report
1 year, 5 months ago

Tesla to discuss India factory for Rs 20 lakh EV with commerce minister: Report

India Today  

Representatives from Tesla are set to meet with commerce minister Piyush Goyal to discuss a proposal to set up a factory in India for manufacturing its cheapest electric vehicle worth Rs 20 lakh, reported news agency Reuters. It's worth noting that EVs currently account for less than 2 per cent of total vehicle sales in India, despite the country being …

Tesla Inc. cuts battery production workforce in China: Report
1 year, 5 months ago

Tesla Inc. cuts battery production workforce in China: Report

Live Mint  

Tesla Inc. has reportedly initiated layoffs of a portion of its battery production workers at its Shanghai plant, according to individuals familiar with the situation. According to Bloomberg, Tesla Inc. has commenced the notification process for layoffs among employees working on the cell assembly lines of the initial phase of its factory in China's financial hub. Although Tesla sources batteries …

Elon Musk predicts Tesla self-driving cars 'later this year'
1 year, 5 months ago

Elon Musk predicts Tesla self-driving cars 'later this year'

The Hindu  

Electric car giant Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday, in the billionaire's latest forecast for the long-anticipated milestone. "In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Musk said via video link at the opening ceremony of …

Elon Musk predicts Tesla self-driving cars may come ’later this year’
1 year, 5 months ago

Elon Musk predicts Tesla self-driving cars may come ’later this year’

Live Mint  

Elon Musk-owned electric car giant Tesla may finally develop a fully autonomous vehicles "later this year. "In terms of where Tesla is at this stage, I think we are very close to achieving full self-driving without human supervision," Elon Musk said via video link at the opening ceremony of an artificial intelligence conference in Shanghai. Electric vehicles make up a …

Will Tesla achieve full self-driving technology this year? Elon Musk says…
1 year, 5 months ago

Will Tesla achieve full self-driving technology this year? Elon Musk says…

Hindustan Times  

Electric car giant Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday, in the billionaire's latest forecast for the long-anticipated milestone. An aerial view shows cars parked at the Tesla Fremont Factory in Fremont, California, "In terms of where Tesla is at this stage, I think we are very close to achieving full …

Is Tesla ditching China to set up vendor base in India?
1 year, 6 months ago

Is Tesla ditching China to set up vendor base in India?

Live Mint  

Tesla has reportedly shown interest in the proposal put forth by the Indian government to not only assemble its cars domestically but also establish a vendor base in the country. The government has suggested that the renowned electric vehicle manufacturer led by Elon Musk will initially focus on domestic vehicle assembly and subsequently proceed with the establishment of a vendor …

China's Industry Minister Jin Zhuanglong, Tesla's Elon Musk meet, discuss electric cars
1 year, 6 months ago

China's Industry Minister Jin Zhuanglong, Tesla's Elon Musk meet, discuss electric cars

The Hindu  

China’s Industry Minister met Tesla Limited CEO Elon Musk on May 31 and the two discussed development of electric and “intelligent networked” vehicles, the Ministry said. Jin Zhuanglong and Elon Musk “exchanged views on the development of new energy vehicles and intelligent networked vehicles,” said a statement by the Ministry of Industry and Information Technology. On Tuesday, Foreign Minister Qin …

Tesla's Model Y Dominates China Market, Tops Global Sales in Q1
1 year, 6 months ago

Tesla's Model Y Dominates China Market, Tops Global Sales in Q1

News 18  

China was the biggest market for Tesla’s Model Y electric sport utility vehicles, helping it become the world’s top-selling vehicle in the first quarter of this year, according to data from market research firm JATO shared with Reuters. Tesla sold 267,171 Model Ys in the first quarter of this year, of which 94,469 were sold in China, higher than 83,664 …

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges
1 year, 7 months ago

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges

Live Mint  

Elon Musk teased two new Tesla models while forecasting a challenging year ahead for the carmaker as higher interest rates pinch buyers. Mr. Musk didn’t provide details about the two new products, though said Tesla could produce more than five million units a year of the two models combined. Mr. Musk, who previously said the hire from NBCUniversal would allow …

Ford seen laying off 1,300 workers in China, local media reports
1 year, 7 months ago

Ford seen laying off 1,300 workers in China, local media reports

Live Mint  

Ford Motor Co. plans to cut jobs in China, potentially by more than 1,300, as its sales decline in the world’s biggest car market, local media including Economic Daily News reported. Ford’s wholesales in China fell below half a million units for the first time in a decade in 2022, continuing a slide since 2016, when the US automaker shipped …

Tesla recalls over 10 lakh cars in China over braking defect
1 year, 7 months ago

Tesla recalls over 10 lakh cars in China over braking defect

Hindustan Times  

Tesla Inc. will need to fix almost every car it’s ever sold in China due to an issue with the vehicles’ acceleration systems. Some 1.1 million electric cars that Tesla made at its Shanghai factory or imported into China between January 2019 and April this year will need to be sent an over-the-air software fix to rectify the issue, according …

Tesla raises 2023 spending forecast as it races to ramp up output
1 year, 8 months ago

Tesla raises 2023 spending forecast as it races to ramp up output

Live Mint  

Tesla Inc raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles. The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year, higher than its previous outlook of $6 …

特斯拉将在沪新建储能超级工厂
1 year, 8 months ago

特斯拉将在沪新建储能超级工厂

China Daily  

电动车生产商特斯拉9日在上海宣布加码投资，将在沪新建储能超级工厂。这座布局“未来赛道”的工厂计划于2023年第三季度开工，2024年第二季度投产。 This photo taken on April 9, 2023 shows the signing ceremony of Tesla Megafactory Shanghai project held in east China's Shanghai. 美国电动车生产商特斯拉4月9日宣布，将在沪新建储能超级工厂。据悉，工厂将规划生产特斯拉超大型商用储能电池Megapack。 The new plant is scheduled to break ground in the third quarter of the year and start production in the second quarter of 2024, Tesla said at the project's signing ceremony in Shanghai. 工厂初期规划年产商用储能电池1万台，储能规模近40吉瓦时（GWh）。产品将销往全球。工厂将建在上海自贸区临港新片区。 Zhuang Mudi, deputy …

特斯拉将在沪新建储能超级工厂
1 year, 8 months ago

特斯拉将在沪新建储能超级工厂

China Daily  

电动车生产商特斯拉9日在上海宣布加码投资，将在沪新建储能超级工厂。这座布局“未来赛道”的工厂计划于2023年第三季度开工，2024年第二季度投产。 This photo taken on April 9, 2023 shows the signing ceremony of Tesla Megafactory Shanghai project held in east China's Shanghai. 美国电动车生产商特斯拉4月9日宣布，将在沪新建储能超级工厂。据悉，工厂将规划生产特斯拉超大型商用储能电池Megapack。 The new plant is scheduled to break ground in the third quarter of the year and start production in the second quarter of 2024, Tesla said at the project's signing ceremony in Shanghai. 工厂初期规划年产商用储能电池1万台，储能规模近40吉瓦时（GWh）。产品将销往全球。工厂将建在上海自贸区临港新片区。 Zhuang Mudi, deputy …

Tesla to build Shanghai gigafactory to make energy storage product: Report
1 year, 8 months ago

Tesla to build Shanghai gigafactory to make energy storage product: Report

Hindustan Times  

Tesla Inc will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday. Elon Musk's automaker will break ground on the plant in the third quarter and start production in the second quarter of 2024, Xinhua reported from a signing ceremony in Shanghai. Complementing a huge existing Shanghai plant making …

Tesla delivers 88,869 China-made EVs in March: Report
1 year, 8 months ago

Tesla delivers 88,869 China-made EVs in March: Report

Hindustan Times  

Tesla sold 88,869 units of China-made electric vehicles in March for both domestic sales and exports, up 35.0% from a year ago, data published by the China Passenger Car Association showed on Tuesday. By comparison, BYD sold 206,089 units last month with its Dynasty and Ocean series of EVs and hybrids, up 97.5% from a year ago, CPCA data showed. …

How Tesla's up to 50% discount in China sparking turmoil in car market?
1 year, 9 months ago

How Tesla's up to 50% discount in China sparking turmoil in car market?

Hindustan Times  

Tesla Inc. triggered a price war in China that’s poised to reshape the world’s biggest car market, with hefty discounts threatening to drive some automakers out of business. With the increasing adoption of EVs, China’s auto market is going through a “a very profound reshuffle,” Nio Chief Financial Officer Steven Feng said in an interview with Bloomberg Television on Wednesday. …

Industrial chain sharpens China's edge
1 year, 9 months ago

Industrial chain sharpens China's edge

China Daily  

Imported cars are unloaded at the Tianjin Port in September. TONG YU/CHINA NEWS SERVICE Comprehensive services stabilize global markets, give MNCs many opportunities Electric vehicle maker Tesla Inc took 12 years to produce its first one million vehicles. The Shanghai plant also accounted for more than half of Tesla's 1.3 million vehicles sold globally last year — a testament to …

Tesla says production innovation to cut auto costs by half
1 year, 9 months ago

Tesla says production innovation to cut auto costs by half

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. CEO Elon Musk and other executives outlined the goals …

Tesla touts plans to halve vehicle production costs
1 year, 9 months ago

Tesla touts plans to halve vehicle production costs

Live Mint  

Tesla Inc will cut vehicle assembly costs by half in future generations of cars, engineers told investors on Wednesday, outlining design and factory efficiency gains as fans waited for Chief Executive Elon Musk to unveil a new model. Musk, who also described how the world could transition to a sustainable energy future of "abundance," is expected to lay out a …

Elon Musk: Tesla’s main competition will come from China
1 year, 10 months ago

Elon Musk: Tesla’s main competition will come from China

Live Mint  

On a conference call with analysts following the release of Tesla's quarterly earnings, CEO Elon Musk predicted that the electric vehicle manufacturer’s largest rival will be a Chinese firm. Even though manufacturing was hampered by China's now-abandoned Covid-Zero legislation, Tesla nonetheless produced more than 710,000 electric vehicles there in 2022, accounting for nearly 52% of its global output. Due to …

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