Published: Sun, July 15, 2018
Economy | By Shawn Conner

Elon Musk in China

Elon Musk in China

On a three-day visit to China where he signed a preliminary agreement with the Shanghai government to build a Tesla Giga factory in China, Musk on his last day of the visit said he is impressed with the Tesla China team.

Tesla increased second-quarter deliveries to Canada and had a significant number of vehicles in transit at the end of June, which may have reflected an effort to delay reaching the 200,000 level to "game the tax credit", Loup Ventures analyst Gene Munster speculated on July 2.

Note he put his tie on for jianbing eating not for Chinese official meeting
Note he put his tie on for jianbing eating not for Chinese official meeting

Opting for the Model 3 dual-motor vehicle would add $5000 [£3800] to the $35,000 [£26,650] starting price of the entry-level Model 3 in the US, Musk said, and would allow the auto to reach 0-60mph in 4.5sec, with a 140mph top speed and 310-mile driving range.

In an email exchange with Tripp, Tesla CEO Elon Musk called him "a terrible human being".

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Tesla is once again in the news for allegedly mistreating its workers, according to a new report claiming that the electric vehicle company forced factory employees to walk through raw sewage to avoid interrupting production. But if the company fails to fix its issues, the public may finally begin to pressure Tesla through boycott, and competition will easily take over the electric auto market, especially now that Volkswagen, BMW, Daimler, and others have plans to drop new electric cars soon.

Although Tesla has long planned on building an electric vehicle assembly in China, it's safe to assume that the trade war has raised the urgency to do so. Tesla, for its part, said plumbing was not a problem and it had not heard of managers telling anyone to do that. The category - which includes battery-powered, plug-in hybrid and fuel-cell automobiles - reached 777,000 units a year ago and could surpass one million sales in 2018, according to the China Association of Automobile Manufacturers.

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Electric auto pioneer Tesla Inc. China is the largest market for vehicles in the world. China accounted for 17 per cent of Tesla's 2017 revenue, according to a filing with U.S. regulators.

In May 2016, Musk said he estimated the company would make 100,000 to 200,000 Model 3s during the second half of 2017.

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Musk last month announced that Tesla will lay off 9 per cent of its workforce to show that it can be profitable after being unable to move into the black so far in the 15 years since it was founded.

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