Connect with us

Hi, what are you looking for?

CleanTechnica

Cars

Tesla Says Shanghai Gigafactory Already Producing 1,000 Model 3s Per Week

Earlier today, Tesla hosted the first vehicle delivery event at its Shanghai Gigafactory, delivering a small number of Shanghai-made Model 3s to employees. At the event, Tesla China general manager Wang Hao said that 1,000 Model 3s are already being produced each week, with 280 units per day having been demonstrated. This production level comes less than 12 months since Tesla broke ground on the Shanghai Gigafactory site.

Earlier today, Tesla hosted the first vehicle delivery event at its Shanghai Gigafactory, delivering a small number of Shanghai-made Model 3s to employees. At the event, Tesla China general manager Wang Hao said that 1,000 Model 3s are already being produced each week, with 280 units per day having been demonstrated. This production level comes less than 12 months since Tesla broke ground on the Shanghai Gigafactory site.

Tesla Gigafactory Shanghai Team / Image Credit: Tesla

Tesla has previously said it plans to begin volume deliveries of the Shanghai-made Model 3 in earnest before the 2020 Spring Festival starting from 24th January. If the 1,000 units per week is already a sustained rate of production, and gradually climbing, Q1 2020 should see at least 12,000 Shanghai-made Model 3s delivered to customers. My guess is that 20,000+ deliveries may be possible in Q1 if adequate supply of cells and motors can be lined up.

There are already a few hundred Model 3s awaiting shipment at the Gigafactory site, but the employee deliveries today and perhaps tomorrow are likely only comprising 15–30 vehicles or so. Depending on accounting regulations, once either production or deliveries begin, the Shanghai Gigafactory may start to shift from being an ongoing investment to an operational part of Tesla’s business. This may trigger amortization and depreciation accounting, which might attract negative narratives about some lines of Tesla’s 2019 Q4 accounts. Employee deliveries (potentially able to be booked as a different class of transaction) may not trigger this shift of the Gigafactory to operational status, but general customer deliveries likely would trigger the shift.

Due to these considerations (which are only rough guesses on my part, with some guidance from Maarten), Tesla may favor beginning general customer deliveries in Q1 2020. So, let’s see if Tesla makes any number of general public deliveries in the next day or so or holds off until early January. Please jump in the comments if you have an accounting-savvy perspective on this.

We can see the large numbers of Model 3s already being produced at the Gigafactory in these recent aerial videos by Wuwa Vision and Jason Yang:

Tesla China also live-streamed a video of today’s delivery event and presentations, which you can watch on Tesla’s Weibo account (all in Mandarin Chinese).

For the sentimental amongst us, here’s a cute Youtube video from 岩常 of one of the new employee-owners taking the opportunity to propose to his girlfriend at the event:

If the Tesla Shanghai Gigafactory is already producing 1,000 units a week (and presumably steadily ramping up), what’s your best guess for Shanghai-made Model 3 delivery volumes in Q1 2020 and the full year? Please share your thoughts in the comments.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: Cruise Talks Autonomous Driving Tech, Regulations, & Auto Design

New Podcast: Battery Mineral Mining Policies & Regional Trends

Max is an anthropologist, social theorist and international political economist, trying to ask questions and encourage critical thinking about social and environmental justice, sustainability and the human condition. He has lived and worked in Europe and Asia, and is currently based in Barcelona. Find Max's book on social theory, follow Max on twitter @Dr_Maximilian and at MaximilianHolland.com, or contact him via LinkedIn.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Autonomous Vehicles

Wowza — that’s a top-tier troll to start the weekend. This autonomous driving space is getting especially saucy in 2021. There have been hot...

Cars

In November of 2010, Tesla flew me out to their Silicon Valley headquarters for my first round of interviews. It was the “Roadster Days,”...

Cars

India’s Union Minister, Nitin Gadkari, put out a statement this week about Tesla in India and said that he has urged Tesla to start...

Cars

Originally published on EV Annex. The U.S. lags behind China and Europe in the transition from internal combustion engine to battery-powered cars. There are...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.