Tesla prepared to deliver Model 3 to China buyers in March


Electric carmaker Tesla's first plant outside the U.S., the Gigafactory 3 in Shanghai, is about to begin construction.

Chief executive officer Elon Musk will be in Shanghai to lay the foundation on Monday (Jan 7) for what would be the electric-vehicle-maker's first car-manufacturing facility outside the United States.

Elon Musk has today announced via Twitter, that Tesla will go ahead with its accelerated plans to set up the China Gigafactory, with the groundbreaking scheduled to happen within the next few hours.

We can't wait to see where this latest round of messy drama ends up.

The pair, who reportedly were hanging out at Musk's California mansion as the surreal August events unfolded, may "have information bearing on the veracity of Musk's tweet", according to court papers filed by the plaintiffs.

Many Tesla analysts are not expecting the first Tesla cars from the new China gigafactory until the second half of 2019.

A local plant will help Tesla lower prices in the market to compete with a new generation of local rivals including Nio, Byton and XPeng Motors. Tesla built an entire general assembly line in 3 weeks when they were under pressure to increase Model 3 production.

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Located in the Lingang area of Shanghai, the Tesla Gigafactory aims to build 500,000 electric vehicles per year.

Domestic production would help shield Tesla against import duties as the USA and China find ways to wriggle out of the tariff quandary.

"Affordable cars must be made on same continent as customers", Musk said in another tweet.

Mr Musk said during the October earnings call that "We're excited to bring Model 3 to Europe and China early next year, given that the market for midsize premium sedans in those regions is even larger than in North America". "This is going to get extremely ugly.Elon will learn very soon who is more powerful of us two".

After four years of planning, Tesla Inc.is finally breaking ground on its $5 billion factory in the world's biggest auto market.

Tesla plans to produce its Model 3 and Model Y cars in the initial phase of production at the Shanghai plant, with an annual capacity of 250 000 vehicles.