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Elon Says More Tesla Factories Will Be Made in China

• https://www.nextbigfuture.com, brian wang

This was about 1 hour 17 minutes into the meeting video. Elon said that long-term the Shanghai factory will probably reach 1 million cars per year.

Making more factories in Europe and Asia will enable Tesla to scale its growth with improved cashflow. Currently, Tesla has to carry the cost of cars for longer while they are shipped.

Elon said a mobile ride-sharing service should be available before the Tesla Network/robo taxi release.

About 40 minutes from the start of the meeting, Elon indicates that there will be full self-driving capability in one million Tesla cars by the end of next year. There will need to be regulatory approval.

Tesla expects the Model Y to outsell the Model 3, Model S and Model X combined.

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