We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksTesla EVs - TSLA

Previous 10 Next 10 
From: Eric6/16/2019 5:33:06 PM
   of 15340
Tesla Gigafactory 3 builds up at incredible speed, already installing production equipment

Fred Lambert

- Jun. 16th 2019 3:45 pm ET




Tesla is building up Gigafactory 3, its electric vehicle plant in Shanghai, at an incredible speed. The building is almost complete and the automaker is already installing production equipment.

Gigafactory 3 is Tesla’s first manufacturing facility in China and it’s also the first electric vehicle factory wholly-owned by a foreign automaker in the country.

As the trade war between China and the US keeps getting more complicated, it’s becoming more important than ever for Tesla to have manufacturing capacity in China.

They will be able to avoid increasingly uncertain import tariffs in the biggest auto market in the world.

They have been moving extremely fast to get Gigafactory 3 ready.

About 7 months ago, Tesla announced a deal with the Shanghai government to build a wholly owned local factory and only about 5 months ago, they secured the 210-acres of land for Gigafactory 3 in China necessary.

They officially broke ground in January and plan to be done with the building by this summer.

Recent, drone video updates show that the building of the massive factory is almost completed, which is an incredible feat to do in just 6 months.

Here’s a new one filmed yesterday that features a quick little timelapse that highlights how quick this massive building is coming together:

Tesla Gigafactory 3 in Shanghai China(June 15 2019)

205 1 Share

Jason Yang
Published on Jun 15, 2019

Tesla founder Elon Musk revealed at the June 12 annual general meeting,The first phase of G3 completed the construction of the four major workshops of the whole vehicle - stamping workshop, body workshop, painting workshop, assembly workshop and supporting projects, which is expected to be completed in September this year. The internal and external construction of the plant is nearing completion, and the power system has begun to be erected,It seems that everything is under control.

At the Tesla shareholder’s meeting last week, CEO Elon Musk said that it is on schedule for this summer and he believes it’s the quickest car manufacturing facility to get build ever.

While the completion of the building on time is increasingly looking likely, it’s another thing to have a production ready for manufacturing.

However, Musk says that Tesla is already installing production equipment including “stamping machines, and the paint shop.”

Three weeks ago, we had our first look inside Tesla’s Gigafactory 3 with leaked pictures and the factory was empty.

In just a few months, Tesla plans to have hundreds of millions of dollars worth of production equipment installed to be able to produce thousands of Model 3 vehicles per week at the plant.

Musk said that Tesla wants to produce 3,000 Model 3 vehicles per week at Gigafactory 3 in Shanghai by the end of the year.

In Fremont, the company is currently trying to stabilize production at 7,000 units per week for a total of 10,000 Model 3 vehicles per week in total by the end of the year.

Tesla previously said that they updated the production layout designed for Gigafactory 3 to be more optimized at the new factory in Shanghai.

We’ll keep tracking the progress at Gigafactory 3 on the road to production in the coming months.

Share RecommendKeepReplyMark as Last Read

To: Eric who wrote (10140)6/16/2019 5:43:29 PM
From: kidl
1 Recommendation   of 15340
"I promise", "I (we) will", "I (we) anticipate ... Semantics! Mr. Market doesn't differentiate as Tesla has always been valued on a forward looking basis and thus any type of forward looking statement from the company affects valuation and thus shareholder returns.

Share RecommendKeepReplyMark as Last Read

From: Eric6/16/2019 6:02:14 PM
1 Recommendation   of 15340
Bob Lutz: Improved Tesla Panel Gaps Are Now “World Class”

  • Twitter
  • LinkedIn
  • Facebook

  • June 16th, 2019 by Dr. Maximilian Holland

    Renowned Tesla bear Bob Lutz has recently sung praises of the build quality of Tesla’s vehicles, saying of a Model 3 that he inspected, “not only was the paint without any discernible flaw, but the various panels formed a body of precision that was beyond reproach.”

    This is a significant high note from Lutz, who has been singing of Tesla’s imminent downfall for years. Now a retired veteran of the auto industry, Lutz’s views on the world’s largest EV producer have been mixed, at best.

    Recall that, back in the July 2006, Tesla revealed the world’s first compelling long-range EV, the Roadster. Then, in August 2006, Elon Musk “leaked” the secret Tesla Motors master plan, announcing their intended product roadmap of increasingly affordable EVs.

    Lutz later famously credited Tesla’s Roadster and early EV plans (along with the early success of the Prius) as inspiring GM to work on the Chevrolet Volt (watch Chris Payne’s Revenge of the Electric Car for more early history). Lutz has also said of Tesla, and its pioneering work in EVs, that he will “always owe them a debt of gratitude for having kind of broken the ice.” Lutz evidently recognizes the role Tesla played early on, in creating the EV renaissance and inspiring others to work on their own EVs.

    Lutz has frequently praised Tesla’s vehicles themselves, saying of the Tesla Model S: “A Model S, especially with the performance upgrades, is one of the fastest, best handling, best braking sedans that you could buy in the world today. … The acceleration times will beat any $350,000 European exotic.”

    However, Lutz has often expressed doubts about Tesla’s business model and lack of focus on profitability. There are many examples of Lutz’s Tesla bashing, but this one gives the general flavour: “Tesla’s business model is upside down. … Their costs have always been higher than their revenue. … They always have to get more capital, then they burn through it.” We have several times covered the shade that Lutz has thrown Tesla’s way over recent years — if you want more examples, our full archives are here. Charles Morris also has an excellent article charting many of Lutz’s various statements on Tesla and Elon Musk, if you want a deep dive.

    My own take on Lutz’s misunderstanding of Tesla’s investment-for-growth-before-profit strategy is fairly simple. Lutz himself was always a career man working for existing, well-established automakers which were well beyond their early growth phase, and likely never understood the culture of an innovative startup looking to disrupt the status quo. He probably didn’t grasp Tesla’s deliberate focus on continuous investment in (extraordinarily) high growth, not quarterly profits per se. This is conscious business strategy on Tesla’s part, and one that Elon Musk re-iterated in the recent 2019 Tesla Annual Shareholder Meeting.

    In fairness to Lutz, given his own career, he could scarcely hope to understand this. Since retiring from his fairly conventional management roles, Lutz has only been involved with two small startup auto businesses (VIA Motors and VLF Automotive). It seems neither got beyond showing rough concepts and have now both seemingly either failed or gone into suspended animation. In short, Lutz has never been involved with a successful startup. He is not an entrepreneur.

    Bob Lutz. Image credit: Ed Schipul/ [ CC BY-SA 2.0] via Wikimedia Commons

    The wind has now changed once more and we find Lutz singing the praises of Tesla’s vehicles again. In a recent Road and Track article, Lutz writes, “When I spied a metallic-red Model 3 in an Ann Arbor parking lot, I felt compelled to check it out.” Lutz was expecting to see evidence of the Tesla Model 3’s “production hell” writ large, in uneven panel gaps and imperfections in the paint work.

    To his great surprise, Lutz found something completely different:

    “But, when next to the car, I was stunned. Not only was the paint without any discernible flaw, but the various panels formed a body of precision that was beyond reproach. Gaps from hood to fenders, doors to frame, and all the others appeared to be perfectly even, equal side-to-side, and completely parallel. Gaps of 3.5 to 4.5mm are considered word-class. This Model 3 measured up.”

    In case anyone is concerned that Lutz may have been abducted and replaced with an avatar, don’t sweat it:

    “So, while I continue to be critical of Tesla’s business model and Musk’s strategy, it was impossible to find fault with the visual quality of that Model 3.”

    Thanks Bob, good to know some things never change.

    Tesla Fremont Factory Tour, Part 3 — The Body Shop and General Assembly 3

    1.7K 41 Share


    Published on May 5, 2019

    CleanTechnica TV's third episode is part 2 of our Tesla Fremont factory tour coverage. It follows the production of the Model 3 through the body shop and part of General Assembly 3

    Editor’s note: As much as I’ve enjoyed laughing at Bob Lutz’s comments about Tesla over the years, I think he deserves huge props for having a fairly open mind and so publicly praising Tesla after putting so much pessimism out there about the company’s ability to succeed or to even produce some of its vehicles (Model S, Model X, Model 3). Thank + kudos to Bob for not being a tribal Tesla troll.

    My comments:

    I do always get a kick out of Lutz's comments, a production management, marketing guy.

    Still stuck in the past....


    Share RecommendKeepReplyMark as Last ReadRead Replies (1)

    To: Eric who wrote (10146)6/16/2019 7:28:37 PM
    From: kidl
       of 15340
    Listening to Lutz’s comments in the past served shareholders well. He correctly predicted the mass production issues and he correctly took issue with Musk’s unrealistic time tables.

    This guy knew stuff Musk had to learn the hard way and this learning curve cost Tesla and its shareholders a lot of money.

    Share RecommendKeepReplyMark as Last ReadRead Replies (1)

    To: kidl who wrote (10147)6/16/2019 8:14:36 PM
    From: MorganBucks
    1 Recommendation   of 15340
    Lutz was/ is wrong he was negative on Tesla when they went public, costing anyone that listened 1000% profits. Nothing goes straight up. All Jag electrics recalled , the brakes do not work. Tesla is years ahead of the other electric cars and the future is electric.

    Share RecommendKeepReplyMark as Last ReadRead Replies (2)

    To: MorganBucks who wrote (10148)6/16/2019 10:45:41 PM
    From: FL_Guy
       of 15340
    How you calculating that "loss"?
    Lutz was/ is wrong he was negative on Tesla when they went public, costing anyone that listened 1000% profits

    Share RecommendKeepReplyMark as Last Read

    To: MorganBucks who wrote (10148)6/16/2019 11:12:31 PM
    From: kidl
    1 Recommendation   of 15340
    Lutz was/ is wrong he was negative on Tesla when they went public
    Simply not true.Back in the early days, Bob Lutz was a champion of Tesla and Musk, citing the Roadster as a major inspiration for the Volt, and saying that he would “always owe them a debt of gratitude for having kind of broken the ice.”

    Lutz turned negative on Tesla a few years after the IPO (2014?) when it became clear that Tesla would remain a cash burning monster for many years to come. Those who got in on the IPO and got out when Lutz turned negative, did well. Those who stayed in, now find themselves with essentially a zero 5 year return as the SP is pretty well where it was in 2014.

    Share RecommendKeepReplyMark as Last Read

    From: nigel bates6/17/2019 6:24:38 AM
       of 15340

    The Chinese real estate group Evergrande Group is investing the equivalent of around 23 billion US dollars in the construction of three plants for electric vehicles and their components in Guangzhou.

    The plan is to build one production facility for no less than one million electric cars per year and two additional plants for the production of batteries with a total capacity of 50 GWh per year, (The Global Times reports this as being 500 GWh per year, which is clearely a typo and is refuted by Evergrande’s own press release.) In addition, electric motors and electronic control systems are to be manufactured in-house in one of the factories.

    The Hong-Kong based real estate giant Evergrande Group has ambitious plans in the electric car business and has quickly been acquiring the necessary know-how – from the battery cell to vehicle production. After investing in Faraday Future, which was a rocky entry into the electric vehicle business, the two companies settled on Evergrande holding 31 per cent of the US startup’s shares. Shortly afterwards, Evergrande moved decisively along the electric vehicle product chain. In January this year, Evergrande Health became the new main owner of NEVS – Saab’s all-electric successor – as well as acquiring 20 per cent of the shares of similarly Swedish sports car manufacturer Koenigsegg. In March this year, Company boss Hui Ka Yan announced that “Evergrande aims to become the largest and strongest electric vehicle group in the world within three to five years.”

    In early June, Evergrande’s new daughter NEVS also acquired Protean Electric, a British specialist for wheel hub motors, which are to be used in the electric vehicles of both NEVS and Evergrande. In addition, the Group has taken over the Chinese-Japanese joint venture Shanghai Cenat New Energy Co to develop battery cells.

    Evergrande is a cash-heavy enterprise ready to make opportunities by means of massive investments and integrating technologies along the industrial chain....

    Share RecommendKeepReplyMark as Last Read

    From: nigel bates6/17/2019 6:34:21 AM
       of 15340
    CATL Expected To Increase Production Capacity To 137 GWh In 2022

    Share RecommendKeepReplyMark as Last Read

    To: Sr K who wrote (10134)6/17/2019 7:38:06 AM
    From: A.J. Mullen
    1 Recommendation   of 15340
    Promise; a declaration or assurance that one will do a particular thing or that a particular thing will happen. We have had lots of circumlocutions to explain failed predictions such as aspirational targets. i was impressed by your chutzpah to ask such a question.

    Kidl has answered your question fully. For me the greatest unfulfilled promise. or lie, was funding secured.


    Share RecommendKeepReplyMark as Last ReadRead Replies (2)
    Previous 10 Next 10