Tesla to Begin Building Superchargers in China

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 […]

BREAKING: Tesla will Deliver First China-built Model 3 on Monday

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 […]

Tesla Secures $1.4 Billion Loan from Chinese Banks for GF3

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 […]

BREAKING: Chinese Model 3 Recommended for State Subsidies

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 […]

Jim Chanos Not Amused at Gigafactory Progress; Blocks Account He Condecendingly Subtweeted Last Year

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 […]

Chinese EV Startups Face the Music

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 […]