Tesla has started delivering Model 3 electric cars built at its Shanghai factory in just under a year since it began work on the $2 billion plant, a record for global automakers in China, and said it would ramp up deliveries from next month.
Tesla shares traded above $420, more than a year after Elon Musk tweeted he had “funding secured” to take the electric car maker private at that price, only to later give up under investor pressure and regulatory concerns.
The trial operation aims to verify the efficiency of the vehicle when deployed on the taxi fleet in the emirate.
Tesla’s quarterly profit has surpassed $1 billion for the first time thanks to the electric car pioneer’s ability to navigate through a pandemic-driven computer chip shortage that has caused major headaches for other automakers.
Musk also said, “Franz throws steel ball at Cybertruck window right before launch. Guess we have some improvements to make before production haha.”
Tesla plans to double the number of repair and maintenance shops, add about 100 charging stations and revamp showrooms in China as the electric vehicle maker gears up to open its Shanghai plant.
Tesla has unveiled its first electric pickup truck that looked like a futuristic angular armored vehicle in gunmetal gray, as the California company took aim at the heart of Detroit automakers’ profits.
PepsiCo confirmed it would take delivery of Tesla semi trucks on Dec.1, becoming the first company to receive its orders of the much-delayed electric vehicle.
Elon Musk has taken ownership of Twitter Inc with brutal efficiency, firing top executives but providing little clarity over how he will achieve