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Tesla China refutes rumors that Gigafactory Shanghai will reopen in mid-May

(Credit: Wu Wa/YouTube)

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A few days ago, rumors emerged that Tesla Gigafactory Shanghai would be reopening around the middle of May. The news was particularly bearish since Tesla relies on Giga Shanghai for the exports of the base Model 3 and Model Y to territories such as Europe. Fortunately, Tesla China has clamped down on the rumor, declaring it as false news. 

Tesla Gigafactory Shanghai has been affected by the city’s Covid lockdowns, which were initiated as a means to battle the country’s worst outbreak since the pandemic started. Since the final days of March, Giga Shanghai’s vehicle production activities have been paused. The cost of Giga Shanghai’s recent Covid-induced shutdown would likely be substantial considering the facility’s Model 3 and Model Y output

But while Gigafactory Shanghai remains paused for now, Tesla China reportedly noted that rumors about the facility reopening next month are not true. Tesla China issued the update on Friday afternoon local time. “There are rumors that Tesla told US investors that the Shanghai plant could resume work as early as mid-May and the parts chain could resume. In this regard, Tesla China said this afternoon, the rumors are false news,” a post from Sina Technology read. 

Tesla China VP Grace Tao reiterated the company’s statement. In a post on Weibo, a prominent social media platform in China, the VP clarified that reports about the electric vehicle maker reopening Giga Shanghai in May are nothing but rumors. The executive added that Tesla China is currently looking for clues that could direct the company to the rumor-mongers. 

Credit: Grace Tao/Weibo

In the United States, claims about Gigafactory Shanghai’s alleged return to operations in mid-May were shared on Twitter by a Tesla account that frequently posts updates about the company’s activities in China. The poster provided a date of May 15 for Giga Shanghai’s supposed return to production. The poster further claimed that the source of the information was a friend who works at the Tesla facility. The rumor was met with some skepticism among electric vehicle enthusiasts on Twitter, with TSLA bulls stating that such an extended shutdown period was unlikely. 

Gigafactory Shanghai plays an incredibly important part in Tesla’s operations. The facility produces thousands of electric vehicles per day, so each day that its shutdown is extended would likely result in Tesla experiencing a hit in both vehicle production and deliveries. Considering that the company has debunked the rumors of a supposed return to production in mid-May, however, then perhaps Giga Shanghai can become operational sooner than later. 

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Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla Robotaxi and autonomy dreams lean on shareholders: Wedbush

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Credit: Tesla Europe & Middle East/X

Tesla’s dreams of developing a Robotaxi suite that utilizes a fully autonomous platform developed by the company’s top-tier talent now lean on shareholders and perhaps the most crucial vote in its history.

That’s what Dan Ives of Wedbush said in a new note to investors on Wednesday. As the Annual Shareholders’ Meeting is now just one day away, investors are down to their final chance to vote for or against Elon Musk’s new compensation plan.

Ives wrote that, while the company has made its intentions clear, wanting to maintain Musk, pay him accordingly, and give him the voting power he has long wanted, ultimately, the responsibility falls on investors.

As many retail shareholders have pushed for people to vote for Musk’s compensation package, there are a handful of large-scale funds and firms that have decided to go in another direction. Bullish Wall Street firms, Wedbush being one of them, believe it is crucial for Tesla to maintain Musk.

The vote could have major implications on whether Tesla launches an autonomous Robotaxi suite in the near future, Ives says:

“Getting Musk’s pay package approved tomorrow at the highly anticipated meeting will be a big step towards advancing Tesla’s future goals with the autonomous and Robotaxi roadmap ahead.”

While some investors are convinced the company is ready to go in a different direction simply based on Musk’s political involvement over the past year, many investors are under the impression that the development of Tesla’s autonomy suite, as well as its prowess in the EV sector, would fall if Elon were not at the helm.

Tesla’s Board of Directors has already stated that they have received confirmation that Musk’s political involvement would wind down in a timely manner. Moving forward, his focus will not veer from the mission of any of his companies; at least that’s what can be gathered from some of the Board’s communications over the past month.

Musk’s new compensation package is incentivized by performance metrics and will require him to achieve a handful of lofty tranches. He will not get paid unless he drives shareholder value, which is something many skeptics tend to leave out.

Ives continues:

“This new incentive-driven pay package for Musk would also provide an additional 423 million shares of common stock (~12% of shares), which would increase his ownership of Tesla up to ~25% voting power, which we believe was critical to keep Musk at the helm to lead Tesla through the most critical time in the company’s history. We believe this was the smart move by the Board to lay out these incentives/pay package at this key time as the biggest asset for Tesla is Musk…and with the AI Revolution, this is a crucial time for Tesla ahead with autonomous and robotics front and center.”

Wedbush maintained its Outperform rating and $600 price target on shares.

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Tesla Giga Berlin hits a sustainability milestone that’s so impressive, it sounds fake

As per the facility’s plant manager, Giga Berlin has completed one whole year without any of its process wastewater being discharged into the municipal sewer system.

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Credit: Tesla Manufacturing/X

Tesla Gigafactory Berlin-Brandenburg has achieved a sustainability milestone that is so impressive, it almost sounds fake. As per the facility’s plant manager, Giga Berlin has completed one whole year without any of its process wastewater being discharged into the municipal sewer system. 

The announcement comes just over a month after Tesla Germany revealed that Gigafactory Berlin had returned 377,000 cubic meters of annual water rights to local authorities due to the facility’s sustainability systems. 

Insane one year feat

Andre Thierig, Giga Berlin Senior Director of Manufacturing, stated that the factory’s one-year milestone was made possible by the facility’s industry-leading waste treatment systems. With no process wastewater discharged into the municipal sewer for a year now, Giga Berlin has effectively become one, if not the region’s, most environmentally friendly vehicle production facilities. 

“Today, we completed 1 YEAR without any process waste water being discharged into the municipal sewer, achieved by an incredible team (aka Ninja Turtles) with our futuristic waste water treatment facility. Making a sustainable product matters a lot but doing it sustainably is just as important! This underlines our strong environmental commitment to region of Berlin-Brandenburg,” the plant manager wrote in a LinkedIn post.

Credit: Andre Thierig/LinkedIn

Officials and Giga Berlin’s water consumption

Jochem Freyer, Chairman of the Management Board of the Employment Agency Frankfurt (Oder), shared his congratulations to Tesla Germany. “The decision in favor of the facility was a strong move – for the environment, for the brand, for East Brandenburg! I hope for further innovations from Giga Berlin-Brandenburg, the official noted.

In late September, reports emerged stating that Tesla Germany had returned 377,000 cubic meters of annual water rights to the Strausberg-Erkner Water Association (WSE). This was because the facility ended up using significantly less water than originally planned. WSE chairman Thomas Krieger stated that the water Giga Berlin was saving would be distributed to municipalities and other users in the region. 

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Tesla’s latest Robotaxi job posting takes the whole program a step forward

On Tuesday, Tesla posted a new job for a Senior Insurance Claims Specialist, Robotaxi, the first of its kind.

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(Credit: Tesla North America/X)

Tesla’s latest Robotaxi job posting goes beyond what has been posted in the past and truly takes the entire program a step forward.

Tesla has been hiring some employees for Robotaxi, but a vast majority of the job postings have been related to Vehicle Operator positions, meaning the people who are Safety Monitors or Validation Vehicle Drivers.

Some job postings have hinted at Robotaxi expanding to new cities.

However, on Tuesday, Tesla posted a new job for a Senior Insurance Claims Specialist, Robotaxi, the first of its kind.

The job description says the employee will “oversee the company’s corporate insurance, risk management and surety programs across all business components.” Additionally, it says the position plays “a critical role in managing incident reporting a claim processes for Tesla Robotaxi and ride-hailing operations.”

Essentially, Tesla could be looking to prepare for when it eventually will have to take liability for accidents completely. This would be when the company launches fully autonomous vehicles, meaning Cybercab and the Robotaxi program, specifically. It would also include passenger vehicles with Full Self-Driving.

Tesla is currently operating a Robotaxi program in Austin, Texas, as well as a ride-hailing platform in the California Bay Area.

These programs are the company’s first foray into ride-hailing, with or without someone in the driver’s seat of the vehicle. In Austin, Tesla operates most of its rides without a Safety Monitor in the driver’s seat. Only freeway routes require the Monitor to be directly behind the wheel.

In California, someone sits in the driver’s seat at all times.

The job posting seems to indicate that things could be relatively close in terms of solving self-driving, especially if Tesla is looking to fill a role that would handle autonomous insurance claims.

Of course, it will take Tesla to solve autonomy, and with the company aiming to start Cybercab production (without a steering wheel) in Q2 2025, it surely feels like it is on the brink of something great.

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