Tariffs aside, profit margins could be much higher — upwards of 30% — for Shanghai-built cars, analysts at Morgan Stanley estimated last year.
"We are of the opinion that the new Shanghai Gigafactory has the potential to show how inefficient Tesla's current production assets are relative to competitors and see scope for the Shanghai Gigafactory to be one of the more profitable auto factories in the world,"And as Shanghai comes fully online, Tesla is also beginning to build a factory near Berlin, Germany.
"Gigafactory Shanghai will be the first Tesla gigafactory outside the United States," Musk said at the event, "and it will be the most advanced gigafactory as well. We want to make this factory extremely environmentally sustainable, and for this to be a showpiece for the world."
Brilliant concept
Brilliant concept
dariosailor86 realDonaldTrump interfering in supply chain costs billions for US companies. 😀 Politicians are not heroes of society - so says BigData - graph attached. Techies should actively stop supporting Trump. US has 19m millionaires, China 4m. Milking China not sustainable. 😀
The China plant is going to be the money maker, good margins and they can pump out cars faster than before and for cheaper. Musk is proving the investors and doubters wrong AGAIN, becoming profitable faster than expected and destroying the competition. 🔥☝️🇺🇸🇺🇸🇺🇸🔥☝️
And then he takes off his Jacket and danced,The Coolest Geek ever
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: latimes - 🏆 11. / 82 Read more »