Tesla’s Shanghai Gigafactory 3 will produce electric cars for India and other Asian countries along with China. Tesla maybe able to saturate China and enter other markets such as India with electric vehicles that are immediately competitive in price.
Reports indicate Tesla will target 3000 cars per week initially at GF3 and then scale to 500K per year full max capacity. Tesla maybe able to produce 700-800K cars in 2020.
The building for the Tesla Gigafactory 3 was recently completed. They are working on the assembly line equipment installations.
$tsla GF3 initial output 3K/week, full capacity 500K/year. Think about $GM sold 814K cars in China in Q1. That will lose to Tesla big time. GF3 will also export cars to India (first few batches still from US.) we are looking at 700k to 800k output in 2020, a double yoy. pic.twitter.com/dsgx44R6al
— Ming Zhao (@mingcalls) May 24, 2019
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
I hope the day will come sooner.
Elon Musk will be the richest man in the world in two years time thanks to starlink. I would be a idiot to bet against him and any of his companies. They talk about apple buying tesla but the truth is Elon Musk personally will probably buy tesla then.
If tesla makes it big in two years and the boring company really gets going Elon Musk will have more money than most countries. And the great thing about that is he wants to help humanity with his companies.