Business

Tesla Gigafactory 3 completion will be an inconvenient truth for TSLA skeptics




A recent drone fly by Teslas Gigafactory 3 in China shows that the factory shell of the upcoming electric car's general assembly building is far too complete. Apparently, in relation to this milestone, Tesla has also begun to plague the vehicle to be produced in the expansive plant: Standard Model 3, which will compete against locally produced electric cars in China.

Videos of the Gigafactory 3 site taken on Sunday 26 May 2019 (credit to Jason Yang for the footage), revealing that the shell of the General Assembly building is anything but completed. Roofs and walls look almost complete, and the facade of the plant has even been lined with Tesla trademark red color. Fewer heavy cranes are also in use on the site, suggesting that work is now shifting towards Gigafactory 3.

Near the general assembly building, color-coded modular units have been built. Tesla has not announced what these devices are, although their design and design suggest that they may be dormitories, possibly for employees who want to work at the factory. A large station area is also completed near the facility, which seems to be designed for presentations and events.

Gigafactory 3's progress and finally model 3 production can give Tesla an unexpected boost this year. So far, Wall St. analysts, especially those who have downgraded the stock, and TSLA skeptics have largely removed Gigafactory 3 in their dissertation. If Tesla pulls it off and actually starts producing Model 3 in Gigafactory 3 this year, the plant can give the company the help it needs to meet its ambitious, self-imposed production and delivery goals this year. Underestimated and ignored by the company's skeptics over the past few months, Gigafactory 3 could well become an inconvenient truth to Tesla's critics.

The upcoming completion of Gigafactory 3 means that Tesla is a step closer to its goal of producing locally produced Model 3s in China. Tesla already sells model 3 in the country, but the vehicles have a high price due to import tariffs. Producing electric cars in Gigafactory 3 will allow Tesla to tap into the lucrative and ever-expanding Chinese EV market with cost-competitive vehicles compared to offers from local manufacturers.

Shanghai officials have urged Tesla's construction partner to complete the first phase of Gigafactory 3's construction in May, and looking at the pace of factory development so far, this goal seems to be quite possible. Apparently, in connection with this, Tesla has also released a couple of teasers who point to an important announcement on May 31[ads1]. A recent teaser released on Tuesday involved the company introducing a guesswork project for the locally produced model 3. This suggests everything, but the company's announcement this Friday would be somehow related to Gigafactory 3 and the electric sedan.

The pace of Gigafactory 3's development has been bordering on the ridiculous, with China's workforce adopting a 24/7 plan in attempting to meet the Shanghai Government's completion goal. The plant's construction is so fast; It is on the right track to put in a record for the fastest factory development in China to date. Gigafactory 3, after all, just broke the ground in January, and the first pillar was set up in mid-March. This means that within two and a half years, Gigafactory 3 has transformed from smooth soil and a pillar to an almost complete factory shell.

See Gigafactory 3s flyover last Sunday in the video below.



Source link

Back to top button