Tesla’s Chinese factory just delivered its first cars. Tesla Giga Shanghai (Chinese: 特斯拉上海超级工厂, or Gigafactory 3) is a factory in Shanghai, China operated by Tesla, Inc. The facility currently hosts the final assembly of the Tesla Model 3 and Tesla Model Y, with Model Y deliveries slated to begin in January 2021. The factory’s initial production rate target is 3,000 cars a week, eventually ramping up to 250,000 electric cars per year. The first assembled Model 3s were delivered in December 2019, just twelve months after Tesla began site grading on the Gigafactory in December 2018.
The Shanghai municipal government approved the agreement to build the production facility in July 2018, and a long-term lease was signed for about 86 hectares (210 acres) of land in October 2018. Construction began in December 2018 with the installation of secure fencing and site offices. The General Assembly Building was nearly complete by August 2019, and manufacturing line equipment was being installed for both batteries and automobiles. The plant began initial production of Tesla Model 3 cars in October 2019, with additional production facilities for motors, seats, and powertrain assemblies under construction in late 2019 with expected completion by March 2020.
Tesla is also building engineering and design teams in China
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California, United States. Tesla designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. In 2020, Tesla had the most sales of battery electric vehicles and plug-in electric vehicles, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of photovoltaic systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 gigawatt-hours (GWh) installed in 2020.
Founded in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors, the company’s name is a tribute to inventor and electrical engineer Nikola Tesla. In February 2004, via a US$6.5 million investment, X.com co-founder Elon Musk became the largest shareholder of the company and its chairman. He has served as CEO since 2008. According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power. Tesla began production of its first car model, the Roadster, in 2009. This was followed by the Tesla Model S sedan in 2012, the Tesla Model X SUV in 2015, the Tesla Model 3 sedan in 2017, and the Tesla Model Y crossover in 2020. The Tesla Model 3 is the all-time best-selling plug-in electric car worldwide, and, in June 2021, became the first electric car to sell 1 million units globally. Tesla’s global vehicle sales were 499,550 units in 2020, a 35.8% increase over the previous year. In October 2021, Tesla’s market capitalization reached US$1 trillion, the sixth company to do so in U.S. history.
Tesla has been the subject of several lawsuits and controversies arising from statements and acts of CEO Elon Musk and from allegations of creative accounting, whistleblower retaliation, worker rights violations, and unresolved and dangerous technical problems with their products. In September 2021, the National Highway Traffic Safety Administration (NHTSA) ordered Tesla to submit data pertaining to all sold US vehicles equipped with Autopilot.