TU-TESL

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This time, Tesla Model 3 is really coming. On November 13, 2019, the Ministry of industry and information technology announced the 325th batch of enterprises that are licensed to produce automobiles, motorcycles and tricycles, among which, (Shanghai) Co., Ltd. is one of the examples, which means that it has officially won the qualification of vehicle manufacturing in China. According to the previous information on the EIA information website of Shanghai construction project, Tesla Shanghai Super plant was completed on September 11 and entered the commissioning stage on October 15. It is reported that the construction of the first stage of Tesla Shanghai Super factory (phase I) will be implemented in two stages: A and B. stage a is the four workshops of the whole vehicle, which has been completed at present. Stage B is the construction of the seat production area, power system workshop and motor workshop, which is expected to be completed in March next year. In addition, Tesla's Shanghai plant may have the ability to produce and motor at the same time in the future. In terms of model, on November 7 this year, the domestic version of Tesla Model 3 made its debut. The new car continues the overall style of model 3, but some details have been adjusted. As early as may, Tesla opened a domestic model 3 reservation in China for 328000 yuan. At the end of October, Tesla's China official website showed that the model 3 model with basic auxiliary driving function (made in China) was open for booking, starting at 355800 yuan. Tesla believes that since China is the world's largest medium-sized high-end car market, and the price of model 3 is still in the middle end even without considering fuel saving and other factors, it is believed that China will eventually become the largest market of model 3. In fact, although Tesla Model 3 has not been made in China at present, according to documents submitted to the securities and Exchange Commission, the Chinese market has taken over the US as Tesla's new growth point in the first three quarters of this year. Data shows that in the first three quarters of this year, Tesla's revenue in the United States was $8.937 billion, down 3.37% from $9.249 billion in the same period of last year, while the sales revenue of cars in China was $2.318 billion, up 60.4% from $1.445 billion in the same period of last year. In the third quarter, Tesla's sales in China reached $669 million, second only to the United States, which continues to be Tesla's second largest market, with the Netherlands and Norway ranking third and fourth respectively. The main reason for Tesla's revenue growth in China is the formal delivery of model 3. On February 22 this year, the first batch of model 3 was delivered in China. In the future, with the production of domestic Tesla Model 3, Tesla's sales volume and sales volume in China will usher in further growth.