It took Tesla only 357 days from starting to build the Gigafactory 3 to the fist delivery of Made-In-China Model 3s! Then the contract for Gigafactory 4 near Berlin should be finalized still this week! Besides the astounding progress of Tesla China Factory, we also want to have a look what the potential Tesla competitors have planned for 2020.
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2:04 The Tesla stock keeps rising and Tesla shorters are suffering brutal losses.
2:42 Tesla China factory production is already in full swing and the first delivery of Tesla China Model 3 still took place in 2019. With additional loans from Chinese banks, Tesla Gigafactory 3 will be able to produce around 500,000 cars (both Model 3 and Model Y) per year by 2022 at the latest. Another piece of positive Tesla China factory news is the newly announced tax exemption for China built Model 3s.
4:08 Tesla factory Germany near Berlin should receive the final approval from German authorities this week. Tesla Gigafactory 4 is expected to produce around 500,000 cars per year after ramp up.
5:28 Tesla full-self driving preview is now available for select customers with the FSD hardware 3. Hence we believe Tesla is very likely to roll out their FSD Robotaxi network by end 2020.
6:49 Tesla just filed an official patent for their new battery technology providing 1 million mile range. We expect to learn more about Tesla battery breakthroughs thanks to the Maxwell dry electrode fabrication process on Tesla’s battery and drivetrain investor day in 2020.
7:16 Unfortunately, the Chinese EV startup Byton keeps pushing back the production start of their full electric car Byton M-Byte.
8:00 Tesla is the clear winner for the Tesla Model 3 vs Polestar 2 competition, due to the Tesla supercharger network and the much higher production volume among other reasons.
9:20 VW ID.3 is also considered to be one of the Tesla Model 3 competitors 2020. However, VW just encountered some software problems with their ID.3 and the VW ID.3 production number will be very low in 2020. Hence Tesla won’t have any serious competition in 2020 and beyond.
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