1/ By now, it must be clear to both bulls and bears that exponential growth is becoming harder and harder to find at . Tesla’s avenue for growth now rests largely in the People’s Republic of China.
2/ Expansion at GF3 in Shanghai has been rapid and decisive. Ahead of schedule, production capacity surpassed 4,000 per week in mid-June. It’s safe to assume that they have Model 3 capacity for 20,000 per month today. tesmanian.com/blogs/tesmania…
3/ Meaningful production at GF3 began in March, when more almost 12,000 Model 3’s were delivered. Very impressive for sure – where do we stand today? We’re now at 11,800 in August, according to Reuters. reuters.com/article/us-tes…
4/ In fact, Tesla has averaged 11,000 deliveries in the last 6 months. There has been no Model 3 growth.
5/ Is there any catalyst that will drive Model 3 sales going forward? Is competition going to disappear? Will the CCP save the day with government fleet sales?
6/ Sure, Model Y sales will become meaningful in the first quarter. But will they be additive to Model 3? Or will we see the same scenario that we see in North America?
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