Tesla's Shanghai factory struggled to resume operations at full capacity on May 6 as planned after the five-day national holiday, and the standstill will likely last until May 9.
Elon Musk confirmed in an earnings call Wednesday that Tesla will cut the price of the Model 3 in China to meet the new eligibility for subsidies.
Tesla’s Gigafactory Shanghai has entered its second phase of construction after the first phase was completed in less than one year.
Tesla's Gigafactory in China has been producing a large amount of Tesla Model 3 vehicles, however the company is still waiting for the official approval to begin selling the cars.
The Made-in-China Tesla Model 3 will be showcased at the Guangzhou International Motor Show on November 22.
On the morning of October 24, Tesla released the Q3 financial report for 2019. It shows that its profits reached $143 million, with the company’s per car revenue rate increasing by 22.8%.
Electric car maker Tesla’s landmark gigafactory in Shanghai has officially received the required power supply for preliminary production from the State Grid Corp of China.
Tesla announced on July 25 that the production of its Model 3 electric vehicles will start in the Shanghai Gigafactory by the end of the year.
On March 15, Tesla launched its last piece of the Model series, the Model Y. It is more of an affordable version of Model 3.