Tesla's Musk says Shanghai factory breaking ground - 1/7/2019 1:01:55 AM

Tesla's Musk says Shanghai factory breaking ground - 1/7/2019 1:01:55 AM

Tesla's Musk says Shanghai factory breaking ground - 1/7/2019 1:01:55 AM

Musk tweeted ahead of the formal start of construction of the firm's first Chinese plant.

In a separate post to her Instagram stories, she called Musk's lawyer a "moron" before attempting to reach out, saying: "Elon needs to just speak to me directly bc This is getting out of hand".

Electric carmaker Tesla's first plant outside the USA, the Gigafactory 3 in Shanghai, is about to begin construction.

Online ordering for Tesla cars in China has started and the configurator is quoting first deliveries in March 2019.

The Securities and Exchange Commission, which ended up fining Musk and Tesla $20 million each over the August 7 tweet, as well as removing Musk as chairman and forcing the addition of two independent directors to the board, found in a probe that Musk's relationship with Grimes played a role in setting the price he said he would ask for Tesla.

The CA based Electric Vehicle maker frim, has been targeting to accelerate sales in China, which was hit hurt by the impact of trade conflict between Beijing and Washington.

We can't wait to see where this latest round of messy drama ends up.

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A local plant will help Tesla lower prices in the market to compete with a new generation of local rivals including Nio, Byton and XPeng Motors.

China raised the import tariff on US-made cars to 40 percent in July, but cut it back to 15 percent from the start of this year as part of a ceasefire in a trade war with the United States.

In October, Tesla announced that it secured 210-acres of land for Gigafactory 3 in China and said that it is "on track" with an accelerated construction plan.

If you thought that 2018's most batshit feud was over, THEN OH BOY, YOU THOUGHT WRONG, BUDDY, as over the weekend, Azealia Banks blew up at Elon Musk yet again, claiming that she has even more dirt to dish on the billionaire, and things could get "ugly".

Musk said the Shanghai plant would supply the "Greater China region" with "affordable versions" of the Tesla Model 3 - the carmaker's first mid-price, mass-market vehicle - and its planned Model Y.

The so-called Gigafactory would also be China's first wholly foreign-owned vehicle plant, a reflection of China's broader shift to open up its auto market even amid a whipsawing trade war between Washington and Beijing.

He has further detailed, that the electric auto maker is aiming to finish initial construction this summer, and will start Model 3 production by the end of year.

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