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Tesla’s 500K guidance effort gets boost as Giga Shanghai targets 5,700/week production in November

(Credit: 乌瓦)

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Gigafactory Shanghai reportedly set a target to produce 5,700 Model 3 units per week in November, which may be enough to help Tesla meet its 500,000 vehicle guidance for this year. Tesla China may give the EV automaker the boost it needs to deliver a stellar quarter and end the year with another bang. 

Tesla China celebrated 2020 by kicking off Model 3 deliveries after completing the first phase of Gigafactory Shanghai, a year after its ground-breaking ceremony.  It looks like Tesla’s factory in China plans to end the year just as strong. According to drone-operator Wu Wa, Giga Shanghai has updated its production target for November to 5,700 Model 3 per week, a slight increase from October. Last month, Wuwa reported Giga Shanghai set a goal to produce 800 vehicles per day (5,600 per week—assuming the plant operates at full capacity seven days a week).

https://twitter.com/bentv_sh/status/1328029997899018240?s=20

With its weekly October production goals, Giga Shanghai was on track to manufacture 22,400 Model 3s for the month with a seven-day workweek. However, Tesla China exceeded expectations and its goals by producing 22,929 Model 3 vehicles in October, as per data from the Chinese Passenger Car Association (CPCA). After one year of operations, it has become clear that Giga Shanghai can not only deliver Tesla’s expectations, but will also work hard to exceed them. 

At 5,700 units per week, Giga Shanghai set a reasonable target to produce 22,800 Model 3s in November. Given that it already produced 22,900 in October, there is a high chance of the plant reaching its goal. If it maintains its weekly target, Gigafactory Shanghai may contribute over ~60,000 vehicles to Tesla’s numbers this fourth quarter. This should play a key part in helping the company achieve its 500,000-vehicle delivery guidance in 2020.

https://twitter.com/bentv_sh/status/1322629406569816065?s=20

The pandemic halted Fremont Factory operations for weeks during the tail end of Q1 and the beginning of Q2 earlier this year. At the time, reaching its 2020 guidance seemed bleak for Tesla. The EV automaker did not announce any adjustments to its 500k guidance during its Q2 2020 earnings call, in fact, Tesla didn’t mention it all.

Giga Shanghai played an instrumental role in Tesla’s three consecutive successful quarters this year and may continue to contribute to the company’s goals in Q4, specifically its guidance. During the last earnings call, Tesla finally brought up its guidance and announced it would still try to meet it. 

“We’re also aiming to achieve our original 2020 guidance of 500,000 deliveries despite the operational interruptions earlier in the year. While this goal remains a genuine challenge, we believe it’s possible with tight execution across the company,” said CFO Zachary Kirkhorn, during the Q3 earnings call. 

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Watch a recent flyover of Tesla’s Model 3 holding lot for Gigafactory Shanghai in the video below. 

https://www.youtube.com/watch?v=PUfCXxoR8fA&feature=youtu.be

Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Energy

Tesla launches Powerwall Lease for affordable home backup

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Credit: Tesla

Tesla Energy has introduced the Powerwall Lease in conjunction with Tesla Electric, making the service available in Texas. This new option delivers whole-home backup power using two Powerwall units for a net monthly cost of $35 after credits, accompanied by a low fixed electricity rate.

Under the lease terms, customers pay a one-time order fee of $100. The base lease payment for the two Powerwalls is approximately $122 per month during the first year, subject to a 3 percent annual escalator thereafter. Enrollment in a qualifying Tesla Electric Backup plan or Virtual Power Plant plan provides an $87 monthly credit.

This credit lowers the effective cost to roughly $35 per month plus applicable tax.

Installation of the standard system carries no additional charge. The package features Storm Watch for outage protection and allows complete management through a single Tesla application. The system supplies continuous whole-home backup capability.

The Powerwall system enables households to maintain electricity during severe storms that disrupt the utility grid. When outages occur, the batteries automatically provide seamless backup power to the home.

Tesla announces 100k Powerwalls are participating in Virtual Power Plants

Tesla Storm Watch monitors weather forecasts and ensures the units are fully charged ahead of anticipated severe weather events so that power remains available throughout the disruption, keeping lights, refrigeration, and other essential systems operating without interruption.

Availability is restricted to select Texas locations where retail electric choice exists. Participants must lease exactly two Powerwall units and maintain continuous enrollment with Tesla Electric. Solar panels cannot be included under this particular lease arrangement.

The monthly credit activates automatically once the system is installed, receives permission to operate, and enrollment is confirmed. To retain the credit, customers are required to stay enrolled in Tesla Electric and fulfill all program conditions.

Nonstandard installations that involve electrical upgrades or special permitting may lead to extra expenses and might impact eligibility for the credit, so be sure to check with either your installer or Tesla to ensure you will still qualify.

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Elon Musk teases Tesla Roadster unveiling once again

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tesla roadster
Credit: Tesla

Elon Musk continues to tease the unveiling event for the Tesla Roadster, a continuing trend that has grown into a bigger game of “When” for fans who have been waiting years for the car to finally enter production.

A video shared on X of the Joe Rogan Experience podcast that Musk appeared on last year, teasing the Roadster unveiling, was shared once again on the social media platform. The poster said the Roadster event will be “unforgettable.”

Musk agreed:

The timing is interesting because just yesterday, Musk said that we will be getting flying cars, and for years, Tesla has hinted that it could develop a SpaceX cold gas thruster package that would help the car float or fly for a short period of time.

It would be reasonable to assume Tesla’s major delays with this unveiling event are likely caused by the company’s need to break the rules and push the envelope on nearly everything. Last July, Lars Moravy, Tesla’s VP of Vehicle Engineering, said:

“Roadster is definitely in development. We did talk about it last Sunday night. We are gearing up for a super cool demo. It’s going to be mind blowing. We showed Elon some cool demos last week of the tech we’ve been working on and he got a little excited.”

The latest updates that Tesla has given us are that the Roadster is in design development, and it did have several potential dates for an unveiling event this year, including April. It was then pushed to August.

However, there are no clues as to when Tesla will be ready, and fans are certainly getting frustrated with the delays.

For what it is worth, Franz von Holzhausen told Jay Leno this week that the event would be “very soon.”

We sure hope.

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Lifestyle

Tesla’s driverless Cybercab just passed a big test with State Governor

Florida’s governor rode Tesla’s Cybercab at a closed test track and called the experience impressive.

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Florida Governor Ron DeSantis rode in a Tesla Cybercab on a closed test track this week and came away impressed, posting on X that the vehicle “successfully navigated all hazards — a kid running into the street, a crash with police stopping traffic, a Model S cutting us off, etc.” He called the ride “impressive.”

The stop was part of a broader event Monday at SunTrax, a 775 acre state owned proving ground in Auburndale that Florida built specifically to test autonomous and connected vehicles before they reach public roads. Standing next to a gold Cybercab, DeSantis described the car in plain terms: “You go in there and you just sit. You have a screen. There’s no steering wheel, no pedals. Clearly these things could be very beneficial.”

DeSantis paired the praise with a caveat that has followed autonomous vehicles since the category existed. “You don’t want to be in an autonomous vehicle and it drives you into a ditch. That would not be good,” he said, framing safety validation as the gate before wider deployment.

SunTrax, the 2.25 mile oval which the state calls the only high speed autonomous vehicle test track in the Southeast, can simulate rain, pedestrian crossings, hills and crowded urban conditions at highway speeds, letting companies push a car past what an early public rollout would risk. Tesla, Waymo and Beep all use the facility, and Florida’s regulatory approach, among the most permissive for autonomous vehicles in the country, doesn’t require a human operator inside a fully autonomous car.

Tesla has reason to want the blessing of Florida and states beyond, as the Cybercab entered volume production at Gigafactory Texas this spring and has since self certified as SAE Level 4 under Texas law. Public road testing so far has kept a safety monitor in the passenger seat, and Florida is where Tesla has been expanding its existing Model Y based Robotaxi service instead, adding Miami in July and then Orlando and Tampa two weeks later. A closed track endorsement from a sitting governor doesn’t change any of that, but it does put Tesla’s newest hardware in front of a state that has already shown it will move fast on rules.

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