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Tesla and Consumer Reports in row over Model 3 reliability

Daily Mail - Science & tech

Tesla Inc's new Model 3 sedan is likely to have'average' reliability despite production snags because it uses older technology rather than newer innovations that are causing problems for automakers, Consumer Reports magazine has said.


Tesla goes big in China with Shanghai plant

Daily Mail - Science & tech

Tesla Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, called the Gigafactory 3. Tesla's first factory outside the United States, it would double the size of the electric car maker's global manufacturing. The deal was announced as Tesla raised prices on U.S.-made vehicles it sells in China to offset the cost of new tariffs imposed by the Chinese government in retaliation for U.S. President Donald Trump's heavier duties on Chinese goods. China is already Tesla's second-biggest market after the U.S., selling about 17,000 cars here last year, compared with roughly 50,000 in the U.S China is the largest market for electric vehicles, and most forecasters predict that electric vehicle sales in the country will accelerate rapidly as government regulation drives toward a goal of 100-percent electric vehicles by 2030. More than 28 million vehicles were sold in China last year, and annual sales are forecast to top 35 million by 2025. That would be more than double the current U.S. market, where new light vehicle sales run at about 17 million vehicles a year.


Tesla goes big in China with Shanghai plant

#artificialintelligence

SHANGHAI (Reuters) - Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker's global manufacturing. The deal was announced as Tesla raised prices on U.S.-made vehicles it sells in China to offset the cost of new tariffs imposed by the Chinese government in retaliation for U.S. President Donald Trump's heavier duties on Chinese goods. Musk was in Shanghai Tuesday, and the Shanghai government in a statement said it welcomed Tesla's move to invest not only in a new factory in the city, a center of the Chinese auto industry, but in research and development, as well. China has long pushed to capture more of the talent and capital invested by global automakers in advanced electric vehicle technology. Tesla plans to produce the first cars about two years after construction begins on its Shanghai factory, ramping up to as many as 500,000 vehicles a year about two to three years later, the company said.



Tesla breaks ground on factory in Shanghai

FOX News

Residents walk past a Tesla store in Beijing, China, Monday, Jan. 7, 2019. Tesla Motors CEO Elon Musk said Monday on twitter that the automaker is breaking ground for a Shanghai factory and will start production of its Model 3 by the end of the year. BEIJING – Tesla Inc. broke ground Monday for a factory in Shanghai, its first outside the United States. CEO Elon Musk said Monday on Twitter that the company will start production in China of its Model 3 and a planned crossover by the end of the year. Tesla announced plans in July to build the Gigafactory 3 facility in China, the biggest electric vehicle market, despite trade tension between Beijing and Washington.