Tesla to bring portion of Model 3 production to China next year

Tesla to bring portion of Model 3 production to China next year

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/10/24/tesla-model-3-production-china/

Tesla, which reported its first quarterly profits in two years Wednesday, is looking to extend its earnings streak by bringing its new Model 3 to customers beyond North America. And part of that plan involves accelerating its manufacturing plans in China.

Tesla saw its revenue skyrocket to $6.8 billion in the third quarter (and a $312 million profit) thanks to sales of its new Model 3 vehicle, despite production bottlenecks and more recent issues with delivery logistics. The company was able to achieve that profitability milestone just through sales in the U.S. and Canada. That leaves two other massive markets on the table. Cue Europe and China.