Tesla sells over 54k vehicles in China in October, nearly 14k domestically and 40k export

[F-22Raptor]

14k sold in china.

First 2 months of each quarter Tesla has to prioritize exports due to ridiculous demand globally. You’ve been told this all year, but you still have your head buried in sand.

 

[Hamartia Antidote]

First 2 months of each quarter Tesla has to prioritize exports due to ridiculous demand globally. You’ve been told this all year, but you still have your head buried in sand.

Hopefully the European market will prefer the model Y (they do love hatchbacks) as that will be the focus model at GigaBerlin.

They need to get a Tesla Model S/X sized car down to $50K for the US market and then the shift will really begin.

 

[FairAndUnbiased]

Why stop at Tesla? According to that logic China should just shut down all its companies that sell products overseas and let American conglomerates run the world show. Then you can all just sit back and relax happily working on assembly lines for the white man and then declaring an exponential "China win"!!!!!

What an awesome plan!!

Lol Tesla is just buying and assembling Chinese components including from CATL and BYD.

What is the manufacturing edge among China's EV start-ups?

The electric-car boom has turned battery maker Contemporary Amperex Technology into China’s eighth largest stock by market value, surpassing Bank of China, Midea Group and PetroChina.

www.scmp.com

90% of Tesla parts in China are made in China.

Tesla Giga Shanghai Will Achieve a 90% Localization Rate by End of 2021

By the end, Tesla will reach a production localization rate of around 90% at its Giga Shanghai. The factory should reach production of 450,000 vehicles per year, 66,100 of which should be exported.

www.tesmanian.com

Tesla is a great mechanism to transfer money from US investors to Chinese components companies that sell to Tesla competitors too

 

[dani191]

Lol Tesla is just buying and assembling Chinese components including from CATL and BYD.

What is the manufacturing edge among China's EV start-ups?

The electric-car boom has turned battery maker Contemporary Amperex Technology into China’s eighth largest stock by market value, surpassing Bank of China, Midea Group and PetroChina.

www.scmp.com

90% of Tesla parts in China are made in China.

Tesla Giga Shanghai Will Achieve a 90% Localization Rate by End of 2021

By the end, Tesla will reach a production localization rate of around 90% at its Giga Shanghai. The factory should reach production of 450,000 vehicles per year, 66,100 of which should be exported.

www.tesmanian.com

Tesla is a great mechanism to transfer money from US investors to Chinese components companies that sell to Tesla competitors too

ok and tesla make huge profit from china factory win-win for tesla and china

 

[lcloo]

ok and tesla make huge profit from china factory win-win for tesla and china

And they will pay lots of tax to Chinese government, helping rise of China in a little way, against the wishes of American politicians.

 

[dani191]

And they will pay lots of tax to Chinese government, helping rise of China in a little way, against the wishes of American politicians.

15 % tax

 

[Hamartia Antidote]

ok and tesla make huge profit from china factory win-win for tesla and china

The Chinese here don't realize the long plan. They think Tesla will be exporting the majority of their Shanghai cars for the foreseeable future. They don't see it is actually temporary and those cars have prevented BYD, Nio, XPeng, and Lucid from gaining a foothold in crucial markets like the EU.

The US factory is swamped with orders from the North American market. Their entire production run for the year has been allocated to previously placed orders. They don't even have to advertise.

 

[mike2000 is back]

The Chinese here don't realize the long plan. They think Tesla will be exporting the majority of their Shanghai cars for the foreseeable future. They don't see it is actually temporary and those cars have prevented BYD, Nio, XPeng, and Lucid from gaining a foothold in the crucial markets like the EU.

Agree, i think most of them even on here know that, but obviously due to nationalism and pride they wont obviously say it out openly. lol Its normal though, most members on here are nationalists(ultra nationalists sometimes) so they wont say the obvious truth/facts which will look bad on their country.
Anyway, its good news for Tesla, and after already dominating the world market, they are now set to dominate even the Chinese market, which is very important for Tesla, since it's the biggest EV market in the world by far. So it's a BIG WIN for Elon Musk. As far as he can dominate the Chinese market, he would have won the EV market war and dictate the trend to follow, this was the market that should have been the most difficult for him to dominate, since Tesla is already dominant around the world. The fact that he could get his company into China and still retain 100% control and dominate the market, there is nothing better Tesla could have asked for to be honest.
As i said before i'm still actually surprised the CCP allowed him full control over there, especially given their auto market has long been dominated by western auto makers/brands, so most Chinese were hoping with the rise of EV industry and the world's shift from standard diesel/petrol auto industry to EV, this was the best bet for Chinese car makers to catch up and overtake their western counterparts and establish their own brands worldwide. Oh boy, seems Tesla came in to spoil the show prematurely.

 

[Hamartia Antidote]

Agree, i think most of them even on here know that, but obviously due to nationalism and pride they wont obviously say it out openly. lol

They don't realize it is already too late. If these Chinese EV companies could not get a foothold while Tesla was weak in capacity they are certainly doomed when GigaBerlin opens and capacity won't be as much of an issue...and neither will any import tariffs.

 

[mike2000 is back]

Because



Tesla is not only dominant in China, it’s dominant globally. And that dominance will continue to grow as Berlin and Austin open.

No one here knows what BYD is, while everyone knows Tesla.

I was lucky to have kept my Tesla shares i bought a while ago, while people were claiming Tesla was a fraud and useless ponzy scheme.

 

[dani191]

They don't realize it is already too late. If these Chinese EV companies could not get a foothold while Tesla was weak in capacity they are certainly doomed when GigaBerlin opens and capacity won't be as much of an issue...and neither will any import tariffs.

when tesla get the aproval to oparete there ? if they get in germany

 

[lcloo]

15 % tax

Yes, they are paying reduced rate until end of 2023, therafter revert back to normal rate of 25% corporate tax.

Elon Musk seem happy with his China investment, after the orignal $5 billion, he plans to pour in more money into his China business and set up new R&D centre there. Further Win-Win for Tesla and China.

Positive contribution of Tesla to China.
1) Help to contribute a highly competitive environment for China's EV development, thereby setting a high standard of made in China EV quality which all manufacturers will have to achieve which will benefit the end-users.

2) Local sourcing of component parts from Chinese suppliers, contributing to other local economy like service industry, land transport, sea port, marine shipping etc and employment.

3) Training of local workforce and knowledge dissipation to local employees of Tesla, and ultimately the whole EV industry in China.

4) setting an example for other foreign high tech companies to follow on direct investment in China, setting up plants and R&D centres. Increase attractiveness of FDI in China.

(Yicai Global) Jan. 28 -- Thirty-seven companies, including US automaker Tesla and Chinese artificial intelligence unicorn SenseTime, have become the first in the Lingang New Area of Shanghai’s free trade zone to benefit from a lower rate of corporate income tax.

They will pay income tax at 15 percent instead of the statutory 25 percent for three to five years, the Lingang Special Area Administrative Committee said in a statement earlier this week.California-based Tesla, which built its first overseas factory in Lingang, will have its tax rate slashed until Dec. 21, 2023, Yicai Global learned.

Shanghai’s government announced the preferential tax policy in August 2019 to help Lingang, then newly added to the FTZ, to attract firms in the key fields of artificial intelligence, biomedicine, civil aviation, and integrated circuits.

 

[dani191]

Yes, they are paying reduced rate until end of 2023, therafter revert back to normal rate of 25% corporate tax.

Elon Musk seem happy with his China investment, after the orignal $5 billion, he plans to pour in more money into his China business and set up new R&D centre there. Further Win-Win for Tesla and China.

Positive contribution of Tesla to China.
1) Help to contribute a highly competitive environment for China's EV development, thereby setting a high standard of made in China EV quality which all manufacturers will have to achieve which will benefit the end-users.

2) Local sourcing of component parts from Chinese suppliers, contributing to other local economy like service industry, land transport, sea port, marine shipping etc and employment.

3) Training of local workforce and knowledge dissipation to local employees of Tesla, and ultimately the whole EV industry in China.

4) setting an example for other foreign high tech companies to follow on direct investment in China, setting up plants and R&D centres. Increase attractiveness of FDI in China.

(Yicai Global) Jan. 28 -- Thirty-seven companies, including US automaker Tesla and Chinese artificial intelligence unicorn SenseTime, have become the first in the Lingang New Area of Shanghai’s free trade zone to benefit from a lower rate of corporate income tax.

They will pay income tax at 15 percent instead of the statutory 25 percent for three to five years, the Lingang Special Area Administrative Committee said in a statement earlier this week.California-based Tesla, which built its first overseas factory in Lingang, will have its tax rate slashed until Dec. 21, 2023, Yicai Global learned.

Shanghai’s government announced the preferential tax policy in August 2019 to help Lingang, then newly added to the FTZ, to attract firms in the key fields of artificial intelligence, biomedicine, civil aviation, and integrated circuits.

i wonder if china will kick tesla from china in the next 5-10 years

 

[lcloo]

i wonder if china will kick tesla from china in the next 5-10 years

Why should China do that? The most likely person to pursue Elon Musk to dis-invest in China is Biden.

Elon Musk is practically transfering his EV technology to China, and China is committed to open door policy not only to Tesla but all foreign companies that bring in money and technology.

Moreover, just 3 hours ago Tesla's VP wrote:-
"Hopefully, in the near future, not only will China-made (Tesla) models allow for nearly 100 percent locally sourced parts, but perhaps we will also see (Tesla) models designed and manufactured entirely by Chinese teams on Chinese roads," said Grace Tao, vice president of Tesla.

 

[dani191]

Why should China do that? The most likely person to pursue Elon Musk to dis-invest in China is Biden.

Elon Musk is practically transfering his EV technology to China, and China is committed to open door policy not only to Tesla but all foreign companies that bring in money and technology.

Moreover, just 3 hours ago Tesla's VP wrote:-
"Hopefully, in the near future, not only will China-made (Tesla) models allow for nearly 100 percent locally sourced parts, but perhaps we will also see (Tesla) models designed and manufactured entirely by Chinese teams on Chinese roads," said Grace Tao, vice president of Tesla.

tesla only forigen company 100 % owned buy forigeners? why is that?