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Tesla Giga Shanghai’s Model 3 production run-rate already hitting 91% of ambitious 2021 targets

(Credit: Tesla Greater China)

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Tesla Giga Shanghai produced 22,292 Model 3 vehicles in the month of October, according to vehicle production data from the Chinese Passenger Car Association (CPCA). Tesla’s production numbers came in second in the country after SAIC-GM-Wuling (SGMW), which manufactured 29,843 units of its Mini EV micro electric car. BYD’s production numbers came in third with 22,268 units. 

Tesla industry watcher @TroyTeslike noted that Gigafactory Shanghai produced 22,929 Model 3s in October. He calculated that the electric car maker achieved an annual run-rate of 275,148 vehicles per year at its current production pace. However, Tesla’s lightning-fast Shanghai factory is not known for maintaining the status quo. Not long ago Wall Street estimated that Tesla’s Shanghai plant would only produce 35,000 to 40,000 in its first year of operations.

Considering that Model 3 production is already at a run-rate of 275,000 vehicles per year in Giga Shanghai, it would appear that Tesla China is already at ~91% of its ambitious 2021 manufacturing target. Tesla China aims to manufacture 550,000 vehicles next year, 300,000 of which will be Model 3s. To reach its 2021 Model 3 production goals, Giga Shanghai would need to produce around 25,000 units of the all-electric sedan per month. That’s just a bit over 2,000 compared to Tesla’s October 2020 production figures.

Based on October’s numbers, Tesla China could reach its target 2021 Model 3 run rate by the end of the year, provided that it continues to steadily increase its production capabilities in the coming weeks. This may happen since the company is currently looking to deliver over 180,000 vehicles in the fourth quarter.

Once Giga Shanghai has reached its Model 3 production goals for next year, it can concentrate on its targets for the Model Y. Tesla China wants to hit the ground running by making 250,000 Model Y units in 2021. The Made-in-China Model Y was registered with the Chinese Ministry of Industry & Information Technology recently. Giga Shanghai just needs to wait for a permit to produce Tesla’s crossover. Sightings of the Made-in-China Tesla Model Y have been reported in China in recent weeks as well.

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Just recently, the Chinese Passenger Car Association (CPCA) revealed that Tesla sold 12,143 Made-in-China Model 3s in October, translating to a 7.18% month-over-month growth compared to the previous month. In September, the EV automaker had sold 11,238 Model 3s in China. This may seem like a conservative improvement, but it should be noted that Tesla also exported 7,000 Model 3s to Europe in October.  

The CPCA expects Giga Shanghai’s Model 3 sales to significantly increase in November and December, as mentioned by Tesla owner-investor @Ray4Tesla. Shanghai’s new regulations, which limits out-of-city vehicles within its major roads, could increase demand for the locally-made sedan. Giga Shanghai is also poised to export more Model 3s to Europe in the coming weeks, which could result in higher sales numbers from Tesla China in Q4. 

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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Elon Musk

Tesla’s new Robotaxi geofence shape is an FU by Elon Musk to the competition

Maybe it’s all pareidolia. But maybe it’s not. After all, Tesla embraced the first geofence expansion for what it appeared to be.

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tesla austin robotaxi geofence and elon musk laugh from meme review

Tesla expanded its Robotaxi geofence in Austin once again early Sunday morning. The new shape seems to be somewhat of a proverbial, and potentially literal, middle finger to the competition.

If you thought the first expansion was a message to the competition and doubters of the company’s ride-hailing service, you probably will believe the second expansion is an even stronger gesture.

Tesla’s first expansion did not go unnoticed, as its shape was particularly recognizable. The company has always operated with a sense of humor, and it embraced what it did. Some, including me, took it as a message to competitors: We can expand in any direction, in any size, at any time. We’ll prove it.”

They picked a shape and went with it:

Tesla’s Robotaxi expansion wasn’t a joke, it was a warning to competitors

It is evident that Tesla is keeping its humor up to continue to show a few things. The first is that it really can expand in any direction it wants and that’s how it is choosing to show it.

The second, well, maybe it’s an edgier way to show doubters that it is really executing on Robotaxi:

Maybe it’s all pareidolia. But maybe it’s not. After all, Tesla embraced the first geofence expansion for what it appeared to be. This might be a similar occurrence, and it might be sending another message to the competition, critics, and doubters.

The expansion was a near-doubling of the geofence Tesla offered previously. After the initial geofence covered just about 20 square miles, Tesla was able to more than double it to 42 square miles with the first growth. This new geofence shape was just under double, and is about 80 square miles.

Tesla’s rapid expansion has impressed many, especially considering the service area has roughly doubled for the second time in well under two months. The Robotaxi service was first offered on June 22.

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Elon Musk

Tesla executes ‘a must’ with Musk as race to AI supremacy goes on: Wedbush

Dan Ives of Wedbush says Tesla made the right move getting Elon Musk his pay package.

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Steve Jurvetson, CC BY 2.0 , via Wikimedia Commons

Tesla (NASDAQ: TSLA) executed what Wedbush’s Dan Ives called “a must” this morning as it finalized a new pay package for its CEO Elon Musk.

The move helped give Musk his first meaningful compensation at Tesla since 2017, when the company offered a pay package that was based on performance and proven growth. That package was approved by shareholders on two separate occasions, but was denied to Musk both times by the Delaware Chancery Court.

On Monday, Tesla announced on X that it had created a new package that would give 96 million shares of restricted stock to Musk to compensate him for the “immense value generated for Tesla and all our shareholders.”

The details of the pay package are designed to retain Musk, who has voiced some concerns about his control of Tesla, as “activist shareholders” have used lawsuits to disrupt the previously approved package.

You can read all the details of it here:

Tesla rewards CEO Elon Musk with massive, restricted stock package

Ives says Musk’s retention is ‘a must’

Ives said in a note to investors on Monday that with the raging AI talent war that Tesla made a smart move by doing what it could to retain Musk.

He wrote:

“With the AI talent war now fully underway across Big Tech, we believe this was a strategic move to keep TSLA’s top asset, Musk, would stay focused at the company with his priority being to bolster the company’s growth strategy over the coming years. With this interim award increasing Musk’s voting rights upon this grant, which Musk honed in on and mentioned was increasingly important to incentivize him to stay focused on the matters at hand, this was a strategic move by the Board to solidify Musk as CEO of Tesla over the coming years with this framework for Musk’s pay package and greater voting control removing a major overhang on the story.”

He went on to say:

“While the groundwork is now in place for the next few years, it will be critical for the Tesla Board of Directors to get this long-term compensation strategy in place prior to the company’s November 6th shareholder meeting which would address the elephant in the room and remove a significant overhang on the stock.”

Wedbush maintained its Outperform rating and its $500 price target on the stock.

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Tesla CEO Elon Musk reveals ideal timeline for insane self-driving feature

Tesla CEO Elon Musk has extremely optimistic expectations for Full Self-Driving progress by the end of 2025.

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Credit: Tesla

Tesla CEO Elon Musk has revealed his ideal timeline for what would likely be the most insane self-driving feature: the ability for drivers to play video games at the wheel.

There are a handful of videos out there of drivers already performing this task. Nobody using Tesla’s Full Self-Driving suite should perform these activities, as the company maintains the system is not fully autonomous.

Drivers are responsible for the vehicle and should be prepared to take over.

Tesla has put a lot of faith in its development of Full Self-Driving and has made tremendous strides over the past few years. Capabilities have gotten more refined and accurate through various methods, including data collection and hardware improvements.

Tesla kicks Robotaxi geofence expansion into high gear in Austin

It has gotten so good that Tesla launched a Robotaxi platform in Austin, Texas, on June 22. Passengers can hop in the back of a Model Y and will be transported around the city in a confined geofence that is about 90 square miles in size. There is nobody in the driver’s seat, but there is a Safety Monitor in the passenger’s seat.

Tesla launched a similar experience in California’s Bay Area last week, but the company has placed the Safety Monitor in the driver’s seat for that region for the time being.

Eventually, Tesla will get to a point where no monitor is needed, and the vehicles will be able to drive themselves. Many believe that it is a few years away, but Musk believes Tesla could achieve it very soon.

After a video of someone playing Grand Theft Auto in their Cybertruck while operating Full Self-Driving was shared on the social media platform X, Musk said this capability would be available in “probably 3 to 6 months, depending on regulatory approval in your city and state.”

It is important to remember that Musk has been very optimistic regarding autonomy timelines with Tesla projects. We heard for many years that the company would have self-driving vehicles “by the end of the year,” and those projects did not come to fruition.

While there was progress, there were no fully autonomous vehicles or software versions for customers.

With that being said, Tesla has made tremendous strides in its quest for autonomous vehicles this year, and launching a Robotaxi platform was a huge step in the right direction.

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