Tag: giga shanghai
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Tesla touts its Model Y ‘Alien Dreadnought’ production lines in China in new video
Tesla’s “Alien Dreadnought” Model Y lines at Gigafactory Shanghai in China are being touted in a new promotional video from the automaker released earlier today. The video was posted by Tesla and shared by owner and enthusiast @Ray4Tesla on Twitter. Showing the numerous production processes of the Model Y crossover at the China plant, the…
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Tesla stock spikes on China delivery figures, then cools down for no reason
Tesla (NASDAQ: TSLA) stock spiked nearly 3% this morning after positive news from China that effectively debunked rumors of declining sales figures in May. However, the increase in price was short-lived, as the stock dropped back down to the $600 level after opening at $623.01, despite no negative news being reported regarding Tesla this morning.…
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Tesla China steps up marketing on Model 3 as competition heats up
Tesla China is stepping up its marketing campaign for its Model 3 as competition in the country gets more strong. While the Model 3 was the hottest EV at China in 2020, there is a healthy flow of competition as 2021 rolls round, and Tesla is sharing official firm videos of the upgrades that it…
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Tesla’s gains new Street-high price target from Bank of America
Tesla (NASDAQ: TSLA) has gained a new, Wall Street-high price target from Bank of America, which boosted its outlook for the electric automaker from $500 to $900 on Monday morning. Bank of America’s bullish outlook is based on several things that are both short and long-term, which have driven the firm to boost Tesla’s price…
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Tesla Gigafactory Shanghai reaches 8k/week production capacity: study
Tesla China’s factory has reached a production capacity of 8,000 per week, according to a recent study published by China Industrial Securities. Tesla’s Gigafactory Shanghai set a high bar for 2021 last year by setting a 550,000-vehicle production goal, comprised of 300,000 Model 3 sedans and 250,000 Model Y crossovers. Currently, Gigafactory Shanghai has the…
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Tesla sales in China expected to see Q4 surge with Shanghai’s updated license plate rules
Tesla China might replicate its exceptional Model 3 earnings this past month that December, partly thanks to Shanghai’s upgraded license plate rules. A chart from the Secretary-General of the China Passenger Car Association (CPCA) Cui Dongshu demonstrated that 6,846 Model 3 units were sold in Shanghai a month. Shanghai’s November Model 3 earnings made up…
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Tesla Giga Shanghai production figures show more efficient manufacturing
Among Tesla’s chief focuses in 2020 is to boost the efficiency of its manufacturing series. CEO Elon Musk was vocal about his support for raising production efficiency throughout Tesla’s two currently-operational automobile manufacturing centers. Previously, Musk has said that the firm ’s production plants would be “Alien Dreadnought” factories, geared toward efficiency and automation. In…
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Tesla prepares for Model Y pilot line in China with massive hiring ramp
Tesla is preparing for the creation of the Model Y in China at its Giga Shanghai facility using a large hiring ramp of almost 900 manufacturing tasks. Tesla is preparing for the very first production push of the Model Y crossover in the Chinese marketplace and hopes to start production at the beginning of 2021.…
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Tesla China manufacturing shines as MIC Model 3 claims top spot in quality survey
A recent survey showed that Tesla’s Made in China Model 3 was ranked as the highest quality sedan in the second quarter of 2020 in the country, citing only .7 complaints per 10,000 vehicles. While the data shows the Model 3 is striking a chord with its Chinese consumers, it also shows the quality of…
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Tesla locks in world’s largest cobalt supplier Glencore for Gigafactory Shanghai, Berlin
Tesla has secured a deal to purchase 12 million pounds of cobalt annually from Glencore, a Swiss-based company that is recognized as the world’s largest miner of the metal. The partnership will keep Tesla away from a possible supply squeeze of cobalt as more automakers aim to break into the EV sector in the future.…