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Tesla Gets an Approval to Manufacture Cars in China

Starting production by November would be a critical milestone for the automaker if it hopes to continue to increase sales and avoid the high cost of shipping and tariffs, the TechCrunch report added

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Electric Vehicle (EV) maker Tesla has got an approval to manufacture cars in China and the company is building a $2 billion factory in Shanghai, its first manufacturing unit outside the US, the media has reported.

Tesla plans to build at least 1,000 of its Model 3s each week in the Chinese factory, which could be up and running within weeks, the BBC has reported.

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The new factory will give Elon Musk’s Tesla access to China which is incidentally the world’s largest car market.

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Visitors inspect Tesla electric cars at Brussels Motor Show, Belgium, Jan. 18, 2019. VOA

A Chinese tech site also reported the news and provided a screenshot of China’s Ministry of Industry and Information Technology approved automakers. Tesla is the first automaker listed, according to TechCrunch.

Earlier in July, the EV maker wrote in its quarterly earnings letter to shareholders that Model 3s production was on track to begin at its Shanghai factory by the end of 2019.

Starting production by November would be a critical milestone for the automaker if it hopes to continue to increase sales and avoid the high cost of shipping and tariffs, the TechCrunch report added. (IANS)

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Pre-Orders For Tesla “Cybertruck” Reach 5 lakh

The most expensive version of the truck, the Tri Motor AWDrive will be able to carry 3,500 pounds, tow up to 14,000 pounds and go from zero to 60 in 2.9 seconds

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Tesla
After the unveiling, Tesla started taking pre-orders for the truck with a $100 deposit per reservation. Pixabay

Cybertruck Owners Club has claimed that the pre-orders for the Tesla Cybertruck have reached five lakh, an average of almost 6,000 each day since November 2019.

After the unveiling, Tesla started taking pre-orders for the truck with a $100 deposit per reservation, news portal Electrek reported on Thursday.

As per report, around 17 per cent of reservation holders want the single motor Cybertruck, which is the less expensive version starting at just $40,000.

The rest 83 per cent want the dual motor and tri-motor versions which starts at about $50,000.

The truck will come in three versions with 250 miles, 300 miles and 500 miles of range, respectively.

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Cybertruck Owners Club has claimed that the pre-orders for the Tesla Cybertruck have reached five lakh, an average of almost 6,000 each day since November 2019. Wikimedia Commons

The most expensive version of the truck, the Tri Motor AWDrive will be able to carry 3,500 pounds, tow up to 14,000 pounds and go from zero to 60 in 2.9 seconds.

It comes with six seats and features armoured glass and ultra-strong panels that are made of the same alloys found on spacecraft.

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Production of the tri-motor variant of the cybertruck is expected to begin in late 2022. (IANS)

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