Key Points
Tesla CEO Elon Musk and Shanghai's Mayor Ying Yong attend the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019.sales in China should hit around 6,400 vehicles this quarter, with most orders coming for its most affordable electric vehicle, the Model 3 sedan, according to fresh estimates by JL Warren Capital.
China represents a critical growth market for Tesla, and CEO Elon Musk talked up the company's plans there on its latest earnings call in January. "We need to bring the Shanghai factory online," Musk said. "I think that's the biggest variable for getting to 500,000-plus a year. Our car is just very expensive going into China. We've got import duties, we've got transport costs, we've got higher costs of labor here.
The only problem with this is that China’s electricity is powered by coal. Thereby their use of electric cars (increasing in popularity in Asia) are increasing emissions.
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