Posted on 08/15/2022 5:50:03 AM PDT by McGruff
No less than the Chief Executive Officer (CEO) of Tesla, Musk, announced on his Twitter account that Giga Shanghai has already made its 1 millionth EV.
As per the latest report by Electrek, the achievement of the Giga Shanghai is a monumental milestone for the Tesla factory in the Asian nation.
The news outlet notes that the big boss of Tesla stated last year that its Chinese facility is its new primary export hub.
Musk made that pronouncement when the Giga Shanghai easily outpaced the Fremont Factory of the renowned EV maker in its production capacity in 2021.
(Excerpt) Read more at itechpost.com ...
At 35% revenue over cost, Tesla is raising cash internally for the giga semi factory
No wonder he’s loaded.
Despite the Shanghai covid shutdown. Musk is the honey badger.
that should be good for a pop...that he can sell into.
My understanding is that a new giga plant in Canada will be constructed for the Tesla semi’s.
Perhaps that is not true
The Dims want to force us to drive EV's while making power less dependable and more expensive.
There will not even be a Gigafactory in Canada if my sources are correct.
Wouldn’t make too much sense.
I can think of lots of better locations.
The reality is that despite their huge investment in China, Tesla has not been able to extract a single dollar of profit from China.
The whole EV thing is like government R and D at the expense of the established workable natural energy source.
Including all the jobs that go with it.
IOW we are putting the cart before the horse..not only that but the horse is barely born.
Due to CCP lockdowns, workers often can't return home. They are forced to live at their offices - and especially factories. The CCP wants to run their covid-zero scheme, but they also want factories to produce, so there's no one grousing or complaining about "human rights."
” Tesla semi’s.”
Might be a good application of electric vehicles as many of them run on predefined routes between periods for charging.
Ban them from import here.
“The reality is that despite their huge investment in China, Tesla has not been able to extract a single dollar of profit from China.”
Tesla China out-performs US for record profits
I personally would love to see proof of the above statement. I'm *not* a "made in China" fan at all, and anything that disproves the "China is cheaper" or "China is better" b.s. is something I want to throw in the face of my globalist friends.
Joke post?
You don't seem to know that much about Tesla do you?
Not so. Tesla is sole owner of the China factory, and many Tesla cars made there are exported to Europe and elsewhere, with profits going directly to Tesla. Unlike other investments by foreigners, Tesla did not have to have a Chinese partner in ownership, so Tesla is fully in charge. Much of the domestic profits there are being plowed into expansion of new Tesla facilities near the main factory as well as inside.
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