Connect with us

News

Tesla prepares for increased demand in China with new vehicle delivery team hiring ramp

The Tesla Model 3 at a Supercharger. (Photo: Tesla)

Published

on

Tesla has started hiring more Delivery Specialists for six of its locations in China, hinting at a healthy demand for the company’s vehicles like the locally-made Model 3 Standard Range Plus.

Tesla owner-enthusiast @Ray4Tesla found the job listings on the Tesla China website. As could be seen in the job listings, delivery specialists will assist new Tesla owners in coordinating the delivery process for their new electric car.

“As a Delivery Experience Specialist, your responsibility will be to create the most memorable moment in life for every Tesla owner. The Delivery Experience Specialist helps customers prepare vehicles, communicates with customers about delivery locations, and accompanies customers to demonstrate vehicle functions and systems,” Tesla wrote.

Tesla has ramped its home delivery initiatives, especially amidst the ongoing COVID-19 pandemic. Even before the outbreak of the coronavirus, home deliveries have proven quite popular in locations such as China, as it provides owners with a convenient way to acquire their new vehicle. By hiring more Delivery Specialists, the company appears to be preparing to conduct a higher volume of customer handovers.

The hiring of more Delivery Specialists at several of Tesla’s China locations hints at growing demand for the company’s electric cars. Tesla’s growing demand in the largest auto market in the world was evident in March after the company saw a 450% increase in Model 3 registrations compared to the month prior.

Tesla has enjoyed a significant spike in sales and vehicle registrations while the rest of the Chinese automotive sector has struggled to thrive in current economic conditions. Reports indicated that the automotive industry in China was down almost 44% in March.

Gigafactory Shanghai is currently on pace to produce 200,000 vehicles per year according to the company’s Q1 2020 Update Letter. Tesla has also started offering additional configurations of the Model 3 to the local market. Today, interested buyers will be able to order not only the Model 3’s Standard Range Plus variant, but the Long Range and Performance version as well.

Giga Shanghai’s Phase 2 buildout is also currently underway, with the upcoming Model Y factory coming to form. Tesla, along with many analysts, predicts the Model Y will be the company’s most successful vehicle. So far, it is the only car in Tesla’s lineup to immediately turn a profit within its first quarter of production.

Advertisement

Tesla China’s Model 3 production lines at Gigafactory Shanghai are currently undergoing scheduled maintenance. In Tesla’s past attempts to update production lines, the short maintenance periods have opened doors for higher production capabilities. With demand growing in China, Tesla seems to prepare for more production and more deliveries, and the hiring of Delivery Specialists seems to be a notable part of the equation.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

Advertisement
Comments

Elon Musk

Elon Musk’s Neuralink posts massive update with new milestone

This is the first time Neuralink has successfully implanted two patients in a single day.

Published

on

neuralink link device with white background
(Credit: Neuralink)

Elon Musk’s Neuralink has posted a massive update with a new milestone that puts the company’s progress into perspective. Over the past few years, we have seen tremendous strides in Neuralink’s capabilities.

Now, the company has completed a new first, bringing more hope to the future of this revolutionary technology.

Neuralink’s third brain chip patient shares first video edited with BCI

Neuralink revealed in an update on Monday morning that it has officially completed two implants in a single day, with Patients 8 and 9 both receiving devices over the past weekend.

“Both participants are recovering well and in great spirits,” the company said in the short update. It did not disclose which day the surgeries were completed, but it did state explicitly that they both occurred on the same day:

Advertisement

Musk said that Neuralink’s capabilities could do “life-changing good for ultimately millions, maybe billions, of people.” Right now, it is being used to help combat life-altering diseases, such as ALS, also known as Lou Gehrig’s Disease, as well as cervical spinal cord injuries.

Eventually, Neuralink could resolve things like anxiety, depression, and blindness, among many other ailments.

Its Link device also received FDA recognition for speech restoration earlier this year, marking a significant bit of progress in the program as it explores ways to cure ailments of various natures.

Advertisement
Continue Reading

Elon Musk

Elon Musk gives key update on plans for Tesla Diner outside of LA

More Tesla Supercharger Diners are on the way, Elon Musk says, as long as the initial one is successful.

Published

on

tesla diner supercharger in los angeles california at night
Credit: Tesla

Elon Musk has given a key update on its plans for the Tesla Supercharger Diner, as the first location in Los Angeles is set to open today, July 21.

The idea for the Supercharger Diner, which resembles a 50s-style eatery with elements of futuristic technology, is seven years in the making. Many wondered whether Tesla would expand its idea for a Supercharger restaurant outside of LA, and now we have an answer directly from Musk.

Elon Musk confirms awesome new features at Tesla Diner Supercharger

The Tesla CEO said that the company will establish these types of experiences “in major cities around the world, as well as at Supercharger sites on long distance routes.”

The Supercharger Diner has plenty of ways to draw in customers, and although the food and merchandise sold at the location will not be a major contributor to Tesla’s balance sheet, where investors want to see it, it could pay off in other ways.

The Diner is not exclusive to Tesla owners, so those who drive gas cars can still stop in for a burger, fries, and a shake while roaming around Los Angeles. The features of the Diner, however, do require a Tesla vehicle.

In-car ordering and movie screens syncing to the center touchscreen are two things that Tesla owners will enjoy that other drivers will not. These might be trivial, but the experience on its own could be a way that some consider buying a Tesla.

Advertisement

It might sound crazy that a singular diner experience would flip someone to buy a car, but it’s not the most outlandish thing we’ve ever come across.

The question is where Tesla will plan to build these Supercharger Diners. Musk has already indicated that Starbase, Texas, will be one location, which fits with one of his other companies, SpaceX.

Austin could be an ideal location, but New York, Miami, Washington D.C., Boston, and plenty of other popular metro areas within the U.S. could see their own diners in the coming years.

Continue Reading

Investor's Corner

Tesla analyst says this stock concern is overblown while maintaining $400 PT

Tesla reported $2.763 billion in regulatory credit profits last year.

Published

on

Credit: Tesla

One Tesla analyst is saying that a major stock concern that has been discussed as the Trump administration aims to eliminate many financial crutches for EV and sustainable industries is overblown.

As the White House continues to put an emphasis on natural gas, coal, and other fossil fuels, investors are concerned that high-powered sustainability stocks like Tesla stand to take big hits over the coming years.

However, Piper Sandler analyst Alexander Potter believes it is just the opposite, as a new note to investors released on Monday says that the situation, especially regarding regulatory credits, is “not as bad as you think.”

Tesla stacked emissions credits in 2023, while others posted deficits

There have been many things during the Trump administration so far that have led some investors to consider divesting from Tesla altogether. Many people have shied away due to concerns over demand, as the $7,500 new EV tax credit and $4,000 used EV tax credit will bow out at the end of Q3.

Advertisement

The Trump White House could also do away with emissions credits, which aim to give automakers a threshold of emissions to encourage EV production and cleaner powertrains. Companies that cannot meet this threshold can buy credits from other companies, and Tesla has benefitted from this program immensely over the past few years.

As the Trump administration considers eliminating this program, investors are concerned that it could significantly impact Tesla’s balance sheet. Potter believes the issue is overblown:

“We frequently receive questions about Tesla’s regulatory credits, and for good reason: the company received ~$3.5B in ‘free money’ last year, representing roughly 100% of FY24 free cash flow. So it’s fair to ask: will recent regulatory changes threaten Tesla’s earnings outlook? In short, we think the answer is no, at least not in 2025. We think that while it’s true that the U.S. government is committed to rescinding financial support for the EV and battery industries, Tesla will still book around $3B in credits this year, followed by $2.3B in 2026. This latter figure represents a modest reduction vs. our previous expectation…in our view, there’s no need for drastic estimate revisions. Note that it’s difficult to forecast the financial impact of regulatory credits — even Tesla itself struggles with this — but the attached analysis represents an honest effort.”

Tesla’s regulatory credit profitability by year is:

  • 2020: $1.58 billion
  • 2021: $1.465 billion
  • 2022: $1.776 billion
  • 2023: $1.79 billion
  • 2024: $2.763 billion

Potter and Piper Sandler maintained an ‘Overweight’ rating on the stock, and kept their $400 price target.

Tesla shares are trading at $329.63 at 11:39 a.m. on the East Coast.

Advertisement
Continue Reading

Trending