Various sources, including Reuters.com, have stated that Tesla plans to start work on a new factory expansion in Giga Shanghai and that it could be as soon as next month (March, 2022). Why would Tesla do this? To meet the growing demand for its vehicles in China, a country of a large number of people, many who want and can afford Tesla vehicles.
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What is even more impressive is Tesla is still ramping up Model Y production at Giga Shanghai. And when the Model Y production line is fully ramped it’s not too far-fetched to imagine Tesla delivering as many Model Ys in China as the Model 3.
However, according to Elon Musk, he expects the Model Y to sell more than the Model 3, S, and X combined. This makes sense given the Model Y is in the crossover segment which is by far the largest automotive segment in the world.
If the made in China Model Y matches the Model 3 numbers that will give Tesla a run rate of over 600,000 vehicles a year. And if the Model Y indeed becomes more popular than the Model 3, I don’t want to even speculate what kind of delivery numbers Tesla will be posting out of China.