Elon Musk has predicted Tesla will make at least 1,000 cars a week in Shanghai by the end of 2019 — and hints at a rate of 3,000 at some point
Workers walk outside the Tesla Gigafactory in Shanghai, China, on November 1 2019. Picture: BLOOMBERG/QILAI SHEN
Tesla’s new Shanghai Gigafactory, which only broke ground in January, is weeks from starting mass production of electric sedans. China’s first plant wholly owned by a foreign carmaker — and Tesla’s first outside the US — is a crucial test of Musk’s bid to keep Tesla profitable as he bets big on the world’s biggest market for electric vehicles .
With Tesla’s volatile stock price and strained finances, investors will be watching closely how the ramp-up unfolds. The multi-billion-dollar investment will be a deciding factor in determining whether Tesla will be able to take on local competitors and fend off challenges by the likes of Daimler and BMW.
Originally just a muddy plot about a 90-minute drive away from Shanghai’s city centre, Tesla’s Gigafactory now stands tall amid deserted crop fields and meadows with wild plants. Dozens of electric motorcycles and mostly petrol-powered cars are typically parked outside — used by workers to drive in from the closest residential area about 7km away. During lunch time, employees pour out for a meal prepared by street vendors.
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