The strong results and ambitious goal were good news to investors in the high-flying stock, which has gained more than 400% so far this year. Shares of Tesla climbed once again in after-hours trading on the earnings report.There had been doubts that Tesla could achieve its goal of delivering 500,000 cars to customers this year, given the shutdown of its plant in Fremont California, earlier due to the Covid-19 pandemic ordered by local health authorities.
It said it now has the capacity to build 500,000 Model Y and Model 3 sedans a year there, in addition to 90,000 of its more expensive Model S and Model X versions.Tesla's China factory is about to play an even bigger role in its global ambitionsIn addition, the company's Model 3 capacity in its new Shanghai plant stands at 250,000, and assembly lines to build the Model Y are under construction in Shanghai, Berlin and Texas.
Very simply, what Tesla needs to do is build a cute, safe, & serviceable model for $15k-ish. Base it on Far-East & EU styles, or just make it a tiny 2-person sporty (ie:Triumph Spitfire).
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