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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tesla is rapidly monitoring its first plant in Shanghai, China. "data-reactid =" 16 ">Tesla is rapidly monitoring its first plant in Shanghai, China.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The electric car maker based in Palo Alto, Calif., Announced Wednesday its first profit in two years and announced an ambitious plan to transfer part of the Model 3 production to China in 2019. It's a leap from his estimate of three months ago. "It will take about two years before we start producing vehicles" in China."data-reactid =" 17 ">The electric car maker based in Palo Alto, Calif., Announced Wednesday its first profit in two years and announced an ambitious plan to transfer part of the Model 3 production to China in 2019. It's a jump from his estimate of three months ago, "It will take about two years before we start producing vehicles" in China.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In July, Tesla increased the price of its X and S model cars by about 20% in China because of tariffs. The company wants to conquer the world's largest market for electric vehicles by developing its local production. "In order to significantly increase the affordability of Model 3, we decided to speed up our manufacturing schedule in China," Tesla said Wednesday. "data-reactid =" 18 ">In July, Tesla increased the price of its X and S model cars by about 20% in China because of tariffs. The company wants to conquer the world's largest market for electric vehicles by developing its local production. "In order to significantly increase the affordability of Model 3, we decided to speed up our manufacturing schedule in China," Tesla said Wednesday.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tesla spent $ 140 million on the 213 acres of land is still in the early stages of an environmental impact study. Tesla also revealed that its Chinese Gigafactory only sells to domestic customers."data-reactid =" 19 ">Tesla spent $ 140 million on the 213 acres of land is still in the early stages of an environmental impact study. Tesla also revealed that its Chinese Gigafactory only sells to domestic customers.
Elon Musk is about to make Tesla in China.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tesla plans to produce 250,000 3 and Y models every year at its plant in China, according to a statement released Wednesday on the Shanghai government's website. The notice called for an environmental impact assessment of Tesla's Gigafactory project in Shanghai and revealed for the first time which models of cars would be manufactured in the plant. "data-reactid =" 31 ">Tesla plans to produce 250,000 3 and Y models every year at its plant in China, according to a statement released Wednesday on the Shanghai government's website. The notice called for an environmental impact assessment of Tesla's Gigafactory project in Shanghai and revealed for the first time which models of cars would be manufactured in the plant.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The search for public opinion and suggestions on the environmental impact of the new plant before it starts in construction is a standard process for major projects in China. The environmental review will take about 10 days and Tesla (TSLA) will progress a step forward in the creation of the factory. "data-reactid =" 32 ">The search for public opinion and suggestions on the environmental impact of the new plant before it starts in construction is a standard process for major projects in China. The environmental review will take about 10 days and Tesla (TSLA) will progress a step forward in the construction of the factory.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The production target of 250,000 cars per year applies only to phase I of the plant, its ultimate production goal being 500,000 per year. Reuters previously announced that Tesla was targeting November 2019 to launch production of its model Y sport utility vehicle, and that production in China is expected to begin two years later."data-reactid =" 33 ">The production target of 250,000 cars per year applies only to phase I of the plant, its ultimate production goal being 500,000 per year. Reuters previously announced that Tesla was targeting November 2019 to launch production of its model Y sport utility vehicle, and that production in China is expected to begin two years later.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tesla shares jumped about 12.5% to $ 325 each at 4:50 pm AND following the report of the results. "data-reactid =" 34 ">Tesla shares jumped about 12.5% to $ 325 each at 4:50 pm AND following the report of the results.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Krystal Hu covers technology and the economy for Yahoo Finance. To follow her Twitter."data-reactid =" 35 ">Krystal Hu covers technology and the economy for Yahoo Finance. To follow her Twitter.
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