Elon Musk talked about Tesla reaching 500,000 to 1 million cars per year. Tesla could start producing cars in China in 2019.
Maintaining the third quarter production level would mean 340,000 cars per year. Tesla should have 100,000 cars per year in the fourth quarter which would be 400,000 cars per year annually.
The Model 3 international expansion is pushed to early and mid-2019. The European launch of the Model 3 is expected in the first half of 2019.
Tesla plans to bring portions of Model 3 production to China during 2019.
The Shanghai Gigafactory is planning to produce two models in its first phase project, a Shanghai government filing showed on Wednesday. The new factory, based in eastern China, aims to manufacture Model 3 and Model Y cars, with annual capacity of 250,000 vehicles, according to a filing by the environmental assessment firm conducting a feasibility study for the project.
Tesla said that it expects factory construction to begin in the near future. It will take about two years until they start producing vehicles and another two to three years before the factory is fully ramped up to produce around 500,000 vehicles per year for Chinese customers.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.