Investor's Corner
Tesla successfully secures 9.3-million sq-ft land for Gigafactory 3
Recent reports from local Chinese news outlets indicate that Tesla has successfully acquired a 9.3 million-square-foot plot of land at the Shanghai Lingang Equipment Industrial Zone. The area will be the site of the electric car maker’s upcoming Gigafactory 3, which is expected to produce 500,000 electric cars per year when complete.
The land transfer agreement was signed on Wednesday, October 17, with Tesla representatives including VP of worldwide sales Robin Ren sealing the deal with the Shanghai Economics and Information Committee, the Shanghai Lingang Area Development Administration, and the Lingang Group. Addressing the agreement, Ren noted that securing the site bodes well for Tesla’s mission as a whole.
“Tesla’s mission is to accelerate the world’s transition to sustainable energy not only through all-electric vehicles, but also scalable clean energy generation and storage products. Securing this site in Shanghai, Tesla’s first Gigafactory outside of the United States, is an important milestone for what will be our next advanced, sustainably developed manufacturing site,” Ren noted.
Neither Tesla nor Shanghai authorities have commented on the price of Gigafactory 3’s land. That said, the Shanghai Bureau of Planning and Land Resources revealed on Wednesday that a plot of land matching Gigafactory 3’s 9.3 million-square-foot size was sold at an auction for 973 million yuan, or the equivalent of $140 million.
Gigafactory 3 would fit in with other facilities in the Lingang Industrial Zone. The area is strategically located along the coast, around 47 miles southeast of Shanghai’s center. The area is also accessible by multiple road systems, allowing companies with facilities operating in the area to have no logistical issues. Several automakers are present in the Lingang Industrial Zone as well, with some companies reportedly testing vehicles in the area.
In terms of the size of land, Tesla’s site for Gigafactory 1 in Nevada still dwarfs the 9.3 million-square-foot area acquired by the company in Shanghai. Tesla, after all, has acquired close to 3,000 acres in the Nevada site. The size of the land acquired by the electric car maker in Shanghai closely matches the estimated final footprint of Gigafactory 1, though, considering that the company expects the Nevada facility to cover a total area of 10 million square feet once it’s complete.
The progress of Gigafactory 3 has been particularly quick. The acquisition of the land, for one, only took three months. Tesla signed a deal with Shanghai authorities to build its first factory outside the United States in July, and by October 17, the facility’s site had already been delisted by Shanghai authorities. The speed of the project goes in line with Tesla’s statements in its Q3 production and delivery report, when the company stated that it was accelerating the construction of Gigafactory 3.
Tesla has ambitious plans for Gigafactory 3. According to Elon Musk, the Shanghai facility would be capable of manufacturing both electric cars and batteries. The company’s initial timeline expects the factory to start producing vehicles within two years after the facility starts construction. Once fully operational, Tesla estimates Gigafactory 3 to produce as many as 500,000 vehicles per year, the majority of which would be sold to the Chinese market.
Investor's Corner
Tesla gets its best analysis from Morgan Stanley as ‘it’s all about to change’
He maintained its ‘Overweight’ rating and the $410 price target Morgan Stanley had on the stock.
Tesla has gotten perhaps its best analysis from Morgan Stanley in quite some time, as the Wall Street firm claims that “it’s all about to change.”
That phrase could be used for both the company’s status and the world in general.
Analyst Adam Jonas said in a new note on Thursday to investors that Tesla could be one of the major winners in terms of the global transition from what it is now to what it will be.
He describes the global shift that will occur over the next few years:
“Have you interacted with a robot today? Have you even seen a robot today? No? Well, take a mental picture because it’s all about to change. When we meet someone who has never been in a Waymo or a Tesla Cybercab (which is most people), we frequently see a wince and a response such as ‘I’m not sure I’d feel comfortable getting in a car without a driver.’ We imagine going back in time to 1903 and asking people if they’d feel comfortable in an airplane.’”
The same technological revolutions that have occurred over the past 150 years will continue to occur again and again. We are on the verge of another, Jonas believes, as companies like Tesla are working on artificial intelligence tech, which includes changing the way we look at things like transportation and labor.
Jonas includes an interesting tidbit in his note about how humanoid robots could change wages, and how it could work into the advantage of Tesla, especially as it is developing its own Optimus robot:
“We estimate 1 humanoid robot at $5/hour can do the work of 2 humans at $25/hour, generating an NPV of approximately $200k/humanoid. 1 robot shaped car can potentially drive down cost/mile of a ride share vehicle to <$0.20 mile (1/10th human-driven ride-share).”
Jonas sees Tesla as a key player in how AI will impact things like manufacturing and various automotive industries, and he believes there is long-term potential for AI, robomobility, and even autonomous eVTOL platforms.
Tesla stock: Morgan Stanley says eVTOL is calling Elon Musk for new chapter
He maintained its ‘Overweight’ rating and the $410 price target Morgan Stanley had on the stock.
Elon Musk
Tesla stock gets crazy prediction from CEO Elon Musk
Musk says this is what it would take to be a millionaire from a Tesla investment right now.
Tesla stock (NASDAQ: TSLA) got a crazy prediction from CEO Elon Musk recently, as the future of the company seems to be moving more toward AI, autonomy, and robotics, and away from automotive, which is what it has traditionally been recognized as.
Over the past few years, as Tesla has prioritized its Full Self-Driving suite, its rollout of a dedicated Robotaxi program, and the development of the Optimus bot, the company has gained a new reputation from analysts.
It was always looked at as a stock with tremendous potential by many Wall Street firms, some more than others.
The most bullish analysts, like Cathie Wood of ARK Invest, believe the company will eventually reach a multi-trillion-dollar valuation and a share price of over $2,000. Her $2,600 price target does not include any contributions of Optimus. Instead, it leans on Full Self-Driving and Robotaxi.
Based on where the company is now, there are a lot of potential catalysts. The Robotaxi expansion, as well as affordable vehicles, its prowess in AI and Robotics, and its powerful energy division are all arguments for investment.
One X user said that a $150,000 investment in Tesla right now would likely make you a millionaire. Musk said he thinks that sentiment is “probably correct.”
I think this is probably correct
— Elon Musk (@elonmusk) August 5, 2025
He’s echoed this belief in recent earnings calls, including the one for Q2, which happened in July:
“I do think if Tesla continues to execute well with vehicle autonomy and humanoid robot autonomy, it will be the most valuable company in the world. A lot of execution between here and there. It doesn’t just happen. Provided we execute very well, I think Tesla has a shot at being the most valuable company in the world. Obviously, I am extremely optimistic about the future of the company.”
Tesla is trading at $316.50 at the time of writing, and has a market cap of just under $1 trillion.
Elon Musk
Tesla stock gets another analysis from Jim Cramer, and investors will like it
“Tesla is morphing right now. It’s in transition from being a car company to being a technology company.”
Tesla stock (NASDAQ: TSLA) got its latest analysis from Jim Cramer, and investors will like what he has to say.
Cramer has flip-flopped his thoughts on Tesla shares many times over the years. One time, he said CEO Elon Musk was a genius; the next, he said Ford stock was a better play. He’s always changing his tune.
However, Cramer’s most recent analysis is of a bullish tone, as he talks about the company’s evolution from an automaker to a tech powerhouse. He made the comments on CNBC’s Mad Money:
“Tesla is morphing right now. It’s in transition from being a car company to being a technology company. You wanna be in there because the tech is worth a lot more than what it’s selling for right now. Don’t care where you bought it, care where it’s going to.”
Jim Cramer last night on $TSLA: “Tesla is morphing right now. It’s in transition from being a car company to being a technology company. You wanna be in there because the tech is worth a lot more than what it’s selling for right now. Don’t care where you bought it, care where… pic.twitter.com/WzlPdQD7gq
— Sawyer Merritt (@SawyerMerritt) August 5, 2025
Tesla has always been looked at by the mainstream media as an automaker. While that is its main business currently, Tesla has always had other divisions: Energy, Solar, Charging, AI, and Robotics. Some came after others, but the important point is that Tesla has not been an automaker exclusively for a decade.
It launched Powerwall and Powerpack in April 2015, marking the start of Tesla Energy.
But Cramer has a point here: Tesla is truly becoming much more than a car company, and it is turning into an AI and overall tech company more than ever before. Eventually, it will be recognized as such, more so than it will be as an automotive company.
Cramer’s comments also follow a recent prediction by Musk, who stated on X that he believes a $150,000 investment in Tesla shares right now would eventually turn someone into a millionaire:
I think this is probably correct
— Elon Musk (@elonmusk) August 5, 2025
Musk has said he believes Tesla could be headed to a serious increase in valuation. Eventually, it could become the most valuable company in the world. He said this during the Q2 Earnings Call:
“I do think if Tesla continues to execute well with vehicle autonomy and humanoid robot autonomy, it will be the most valuable company in the world. A lot of execution between here and there. It doesn’t just happen. Provided we execute very well, I think Tesla has a shot at being the most valuable company in the world. Obviously, I am extremely optimistic about the future of the company.”
Tesla Model 3 filings in China show interesting hardware addition
Tesla CEO Elon Musk details massive FSD update set for September release
Tesla Model Y L’s impressive specs surface in China’s recent MIIT filing
-
News2 weeks agoTesla hints a smaller pickup truck could be on the way
-
News2 weeks agoTesla is ready with a perfect counter to the end of US EV tax credits
-
News2 weeks agoElon Musk highlights Tesla Model Y’s most underrated feature
-
Lifestyle1 week agoTesla brings perhaps the coolest interior feature to cars in latest update
-
Elon Musk2 weeks agoElon Musk reveals Tesla’s next Robotaxi expansion in more ways than one
-
Elon Musk2 weeks agoTesla exec gives big update on Roadster, confirming recent rumor
-
News2 weeks agoTesla’s new affordable Model Y details teased in new sighting
-
News2 weeks agoTesla Optimus robots will ship with a design no consumer has seen yet