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Tesla prepares for Model Y pilot line in China with massive hiring ramp
Tesla is preparing for the production of the Model Y in China at its Giga Shanghai facility with a massive hiring ramp of nearly 900 manufacturing jobs.
Tesla is preparing for the first production push of the Model Y crossover in the Chinese market and expects to begin production at the beginning of 2021. Before the manufacturing efforts can continue, the company must hire a sizeable team that will be able to handle the large scale production of the vehicle.
Tesla owner and enthusiast @Ray4Tesla on Twitter shared the job postings, which detail the position names and the number of workers the company plans to hire for the project.
JUST IN: @Teslacn is on a massive hiring spree for production operators for all the departments at GF3. For the following 4 depts, the hiring indicates specific # of spots available:
Motor shop: 180
GA: 370
Body: 140
Logistics: 200Hiring for Phase 2? Can’t wait to know more. pic.twitter.com/OGfH2zXbGC
— Ray (@ray4tesla) August 27, 2020
Giga Shanghai is currently under expansion to make room for Model Y production. Phase 2 of the facility will build the electric crossover, and Tesla is also using a new manufacturing process for the vehicle through a massive casting machine.
Tesla is not only hiring for the casting workshop but also in eight other areas. The largest hiring pushes will take place in the Motor Workshop with 180 open positions, the Assembly Workshop with 370 jobs, and the Body Shop with 140 positions.
Each of these portions of the Giga Shanghai Phase 2 facility are geared toward hiring production operators who will be responsible for putting together the Model Y on the production line. These areas require the highest number of workers to ensure the production of the vehicle is efficient and manageable.
Among the other positions available for the Model Y line are in the stamping, paint, logistics, quality, and supercharging shops, all of which will contribute an “all hands on deck” approach to the quickly arriving date of production of the crossover.
The effort of hiring more workers at Giga Shanghai follows a company-wide expansion of the team in China altogether. Not only is Tesla looking to add more team members at its manufacturing facility, but the company has also posted several job offerings throughout various areas of China that are located at service centers and showrooms.
The wave of new hires is in preparation for the increased demand that Tesla has experienced in China since beginning deliveries of the Model 3 in January 2020. The mass-market sedan has quickly become the most popular electric car in China, overtaking the BYD Qin Pro.
The Model 3 shares 13% of the total market share of EVs sold in China in 2020, which is over tw0-and-a-half times larger than the Qin Pro EV, which only has 5%, the EV Sales Blog reported.
Tesla is anticipating on the Model Y being the company’s most popular vehicle yet because of its body style and increased cargo space. The company focused on improving the manufacturing of the car, which started with improving the chassis and eliminating so many pieces from the car’s frame. The casting machine will create a one-piece chassis that will increase manufacturing efficiency.
Pair the manufacturing developments with a larger team at Giga Shanghai, and Tesla could begin building the Model Y could enter production sooner than expected.
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
