Tesla plans China factory that can make 500,000 vehicles a year
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Re: Tesla plans China factory that can make 500,000 vehicles a year
#2[deleted]
Re: Tesla plans China factory that can make 500,000 vehicles a year
#3I wonder what other countries they considered, did they consider Mexico ? (Ford has plants there) or Brazil? Or perhaps India?
Re: Tesla plans China factory that can make 500,000 vehicles a year
#4Apparently Tesla is the first foreign-owned auto manufacturer that has been allowed to open a facility without giving a 51% stake to a Chinese owner.
I think it's only electric vehicles which are eligible for this new scheme.
There's a huge demand for non-polluting vehicles in China, so expect other automakers to begin looking at similar factories in that country.
Re: Tesla plans China factory that can make 500,000 vehicles a year
#5Excuse my ignorance, can someone explain how they are going to pay for this? My internet experience in the last months has been mostly articles about how they would keep enough cash with one factory? Then others about Elon said no more cash raises, etc... Even if they start turning a profit on their cars, that isn't going to magically give them the millions (billions?) needed for a new factory.
Re: Tesla plans China factory that can make 500,000 vehicles a year
#6There's a story behind the story re: Tesla's scaling difficulties. America has lost its manufacturing base and with it the skill set to build large scale manufacturing easily. Tesla is going to China because that's where the expertise is.
Re: Tesla plans China factory that can make 500,000 vehicles a year
#7Excuse my ignorance, can someone explain how they are going to pay for this? My internet experience in the last months has been mostly articles about how they would keep enough cash with one factory? Then others about Elon said no more cash raises, etc... Even if they start turning a profit on their cars, that isn't going to magically give them the millions (billions?) needed for a new factory.
By issuing the debt and new shares that Elon swears he's not going to do.
Re: Tesla plans China factory that can make 500,000 vehicles a year
#8I wonder what other countries they considered, did they consider Mexico ? (Ford has plants there) or Brazil? Or perhaps India?
TFA states that this is primarily to serve the Chinese market and secondarily other countries in Asia. Wouldn't make much sense to put the factory in Mexico or Brazil.
Re: Tesla plans China factory that can make 500,000 vehicles a year
#9I wonder what other countries they considered, did they consider Mexico ? (Ford has plants there) or Brazil? Or perhaps India?
I believe the primary reasons are that China, together with Hong Kong, is already one of Tesla's largest markets and it has a great potential for growth as well.
Re: Tesla plans China factory that can make 500,000 vehicles a year
#10They seem to say so each year...
Just from 2016:
https://mashable.com/2016/06/24/tesla-factory-china-9-billio...