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Elon Musk to Visit Shanghai for Debut of Made-in-China Tesla Vehicles

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Citing people familiar with the matter, a report by Bloomberg is claiming that Tesla CEO Elon Musk will be visiting Shanghai for a ceremony tomorrow to mark the first deliveries of Teslas assembled in China. The ceremony will start at 3 p.m. local time at Tesla’s first factory outside the U.S.

Tesla

Although the electric car maker has handed over a batch of cars to a select group of employees on Dec. 30th, tomorrow marks the first deliveries to the general public.

Tesla is currently producing over 1,000 Model 3 sedans a week at its plant on the outskirts of Shanghai. “The demand for our locally-built model 3 is very good,” said Allan Wang, general manager of Tesla China. “We are confident about selling all vehicles manufactured in this factory.”


Boding well for the company, registrations of Tesla vehicles in China rose 14-fold to 5,597 in November. While growing from a low base, the figure suggests healthy demand for its cars even though all the models available thus far have been the pricier imported versions of the Model 3, and the higher-end Model S sedan and Model X SUV.

Tesla saw its share price climb to a record $454 USD per share on Friday after revealing it delivered a total of 112,000 vehicles in Q4, a figure well above Wall Street’s expectations.

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