Tesmanian has the scoop: The China-made Tesla Model Y has received a sales permit and has been included in the list of new energy vehicle models exempt from purchase tax. The Ministry of Industry and Information Technology (MIIT) has included the domestic Model Y in the list of new energy vehicle models exempt from vehicle purchase tax, […]
This should help speed up the rollout of new Supercharger locations in China: Tesla Inc. plans to start manufacturing EV chargers in China in 2021, according to a document submitted to the Shanghai authorities by the U.S. automaker that is seeking to expand sales in the world’s biggest car market. Tesla, which now sells its […]
Less than a year after breaking ground at Gigafactory Shanghai, Tesla today delivered the first vehicles produced at their new Chinese factory. Bloomberg commemorated the occasion with a story mocking Tesla’s achievement: Tesla Inc. is about to find out whether the second time is the charm for Elon Musk making bold predictions about how many cars […]
We’ve got breaking news out of Bloomberg bright and early Friday morning: Tesla Inc. will start delivering China-built cars on Monday, a major milestone for Elon Musk’s company as it mounts a push to expand in the world’s largest electric-vehicle market. The first 15 units of Model 3 sedans assembled at Tesla’s new multi-billion-dollar Shanghai plant […]
A group of Chinese banks has agreed to extend a 10 billion yuan five-year loan facility to Tesla, to support Gigafactory Shanghai: U.S. electric vehicle maker Tesla Inc (TSLA.O) and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker’s Shanghai car plant, three sources […]
UPDATE: This is unconfirmed, but some are saying that not only does this mean the cars will receive subsidies, but that they are approved for sale as well: This official EV incentive recommendation from government does not only mean the subsidies but it is also a permit to sell and deliver China-made Model 3 to […]
It all started in February, when famed short-seller Jim Chanos subtweeted Twitter user Domenick commenting on the progress of Tesla’s Shanghai Gigafactory. Chanos tweeted with a smug sense of superiority, as is usual for $TSLAQ accounts. Through his mocking and condecending tone he declared: We are smarter than you. We understand the auto industry, and […]
In an attempt to become a world leader in electric vehicles, China offered huge subsidies for the purchase of any Chinese-made EV until very recently. Now with the trade war, and defaulting firms sparking fears that the Chinese economy may be over-leveraged the subsidies are drying up. Without those juicy subsidies to boost sales, things […]
Check out this video of the first Made in China Tesla Model 3, posted by China’s Xinhua News (the official Chinese state media):
Welcome to our new series: delicious tasty claim chowder! In the series, we revisit past predictions about the future to see how they stand up against reality. Today, let’s revisit this video from Business Insider “columnist” Linette Lopez on Tesla’s Gigafactory Shanghai. From March 12, 2019: Tesla has planned on making a huge entrance into […]
