Tesla Inc will deliver its first China-made Model 3 sedans to the public on Jan. 7 at an event at its Shanghai plant, a representative for the firm told Reuters on Thursday...
...Fifteen Tesla employees who had purchased the car were the first to take delivery on Monday after the first China-made vehicles rolled off the plant’s production line in October.
The deliveries come a year after construction of Tesla’s only plant outside the United States began. Production started in October with a target of 250,000 vehicles per year once the Model Y is added to the line up.
“As Model 3s roll off Tesla’s Chinese manufacturing facility with local subsidies intact, we believe the U.S.-based focus will need to shift globally for the company,” Canaccord Genuity analyst Jed Dorsheimer wrote in a note to clients...
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