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To say that the construction of Tesla's Gigafactory 3 in China is fast is a euphemism. In a matter of months, Tesla's 864,885-square-meter land, located in Shanghai's Lingang Industrial Zone, has been turned into a vast muddy field at a site where a huge electric car factory is emerging. Each update of Gigafactory 3 indicates that the installation is making visible progress. This week alone, images of the site revealed that the workers have virtually completed the roof of the Tesla General Assembly building and that walls are already under construction.
Back in March, Chen Mingbo, a Shanghai official, said the initial construction of the plant is expected to be completed in May. Given the speed of construction of the facility, this foolish calendar seems to be on the right track. If this goal is achieved, Tesla could start trial production of Model 3 as early as September. This is significantly ahead of Elon Musk's estimates, which indicated that initial production would begin by the end of 2019. Chinese reports also indicate that Gigafactory 3 could set a record for the fastest plant construction in the country.
The initial timeline of Gigafactory 3 was actually a lot more cautious, Tesla having stated that it was expecting vehicle manufacturing to begin approximately two years after the start of construction. The calendar, which was classic at Elon Musk, both optimistic and ambitious, faced a relentless skepticism in the United States. Senior Consumer Research Research Analyst, James Albertine, in a segment of Bloomberg Markets, said outright that Tesla's goals for building Gigafactory 3 were simply "unachievable".
The reaction to the initial Gigafactory 3 calendar reflects fairly skepticism and criticism of Tesla and Elon Musk on a rather consistent basis. In the United States, Musk faces many oppositions. It is not uncommon to see reports on the negative inclination of Tesla. People betting on the failure of Tesla, such as short sellers, systematically accuse Musk of being a fraud, while making fun of him on social media platforms such as Twitter for his alleged shortcomings. A particularly passionate short-cut vendor actually received a restraining order after allegedly committing an intrusion, harassing and causing harm to Tesla employees.
With the drama surrounding Tesla, it is not surprising that Elon Musk wanted to privatize the company last year. When Musk introduced the idea to investors, he argued that it would be much easier for Tesla to pursue its goals if it could work without the short-term pressures of Wall St and the endless stream of noises. criticism that could generate financial gains. if the electric car manufacturer was to fall. The private takeover attempt ultimately failed after Elon Musk pulled out of an approximately $ 30 billion contract between Volkswagen AG and investors. When calling the results of Q1 2019, the CEO noted that a non-public Tesla will not occur any time soon. "Unfortunately, this ship sailed," said Musk.
One could say that the almost unbelievable pace of building Gigafactory 3 is what happens when Elon Musk's ambitious vision is adopted without unnecessary noise or drama. There was no controversy among the Chinese workforce when Elon Musk said he expected the production of electric cars to begin by the end of the year. Instead, the company's construction partner took the CEO's ambitious schedule seriously and took the necessary steps to build Gigafactory 3 as quickly as possible, including working 24 hours a day, 7 days a week. To go even further, the country has even reached a date of completion exceeding Elon Musk's already ambitious schedule. Today, the production of model 3 is expected to begin in September.
One lesson from Gigafactory 3 is that visionaries like Elon Musk could accomplish great things if their goals were taken care of and taken seriously. It's something that China seems to want to give to Elon Musk, as can be seen in his meeting with Chinese Premier Li Keqiang in Beijing last January. During his meeting with Li, Musk acted as usual, expressing great ideas about Gigafactory 3 and evoking his vision of creating a facility that acts almost like a "living being". Li was very open to Musk's ideas, even offering the CEO a "Chinese green card" to openly pursue his projects in the country.
To illustrate this point, here is the site Gigafactory 3 beginning of March.
And here is the overview of Gigafactory 3 on May 7, 2019, about two months later.
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