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.