The electric automaker will soon start exporting Chinese-made vehicles to Europe, Chinese state-run news outlet Xinhua reported Monday.
"Exporting to Europe means the quality of made-in-China Model 3 sedans has been recognized by the European market," Xinhua quoted him as saying. The company has told shareholders that the facility was about 65% cheaper to build than its Model 3 production plant in the United States. And it is significantly less expensive to build a Model 3 in China than America, said Sofya Bakhta, a marketing strategy analyst at Daxue Consulting, a Chinese research firm.
In a research note Sunday, Wedbush predicted that the company's"shining [Gigafactory] success in China" would help it deliver better-than-expected earnings this week. Tesla was also the first foreign automaker to be allowed to open a factory in the country without a Chinese partner, putting pressure on local players. Later, the company won a tax break for some of its cars, which helped make its prices more attractive to customers.
$Tsla is shit ! stock going to $389 after earnings !! PUTS🤑
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