China Ministry granted Tesla a certificate it needs to start production in the country. Tesla intends to produce at least 1,000 Model 3s a week from the Shanghai factory by the end of 2019.
Tesla will start building a simplified, more cost-effective version of their Model 3 line with capacity of 150,000 units per year – the second generation of the Model 3 production process. Chinese customers bought well over a half-million mid-sized
premium sedans in 2019. Thi market poses a strong long-term opportunity for Tesla.
Tesla continues to target production of over 500,000 vehicles globally in the 12-month period ending June 30, 2020.
Tesla will start producing the Model Y in 2020. They forecast Model Y will be a more profitable product than the Model 3
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.
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