There is a tweet from the Tesla Show of the inside of the Tesla Shanghai Gigafactory.
Tesla agreed to pay China 2.23 billion yuan ($323 million) in tax every year as part of a deal with local authorities to build an electric-vehicle factory on the outskirts of Shanghai. Tesla must start generating the annual tax revenues at the end of 2023 — or hand the land back, the company’s latest quarterly filing shows. Tesla is on track to generating large amounts of revenue and taxes from the China Gigafactory in 2020.
Tesla must spend 14.08 billion yuan ($2 billion) in capital expenditure on the plant over the next five years, according to the lease.
New photos from Tesla inside Gigafactory Shanghai. pic.twitter.com/kbkBfcAJWn
— The Tesla Show (@TheTeslaShow) July 24, 2019
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It is almost like the Chinese don’t realize Musk exaggerates timelines…and are meeting those expectations.
Looks jam packed of equipment already. Unreal speed of construction.