Tesla and Trump
Tesla and China!
Gigafactory Shanghai (Chinese: 特斯拉上海超级工厂; lit. 'Tesla Shanghai Super Factory') (also known as Giga Shanghai, or Gigafactory
Cost and finance
Tesla (may have) received US$521 million in loans from Chinese banks at favourable interest rates, and US$82 million in grant funding. The local Shanghai government granted Tesla a corporate income tax rate of 15% for 2019 through 2023, compared to the typical 25% rate in China. Having a factory in China also allows the company to avoid tariffs on vehicles imported from the U.S
Reported as “ US$2 billion project ”
Add in “Tesla will open a Megapack battery factory in Shanghai, it said on Sunday, as it doubles down on its investment in China even as political tension rises between Beijing and Washington.”
Output <
“The Shanghai factory produced its first 1 million cars in over 30 months, while it took about 13 months for the output to climb from 2 million to 3 million, according to the company.
The first three quarters of this year saw the Shanghai factory deliver 675,000 vehicles, accounting for over half of the company's global deliveries during the period, Tesla said.
” TeslaShanghai factory hits milestone output of 3m cars - Chinadaily.com.cn
“A 60-percent tariff on Chinese goods
Trump has floated a 60-percent tariff on all goods from China, one of the top U.S. trading and financial partners.
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“Trump has even revived the notion – against all logic and available evidence – that tariffs could once again be made the foundation of federal finance,” US fiscal policy historian Joseph J. Thorndike wrote.
Whatto know about Trump’s tariff plans
How would China respond to TESLA? What impact is a 60% US tarrif on China going to have on Tesla in China? So many interesting parts to watch
The CEO of Tesla is possibly going to work in a trump administration. He certainly puts some cash to Trump and others – “Elon Musk PAC stopsgiving $1 million Pennsylvania voter prize after investigation threat
- Justice Department warned the billionaire his sweepstakes could be illegal
- So far there have been three winners in Pennsylvania and one in North Carolina
- Musk did not announce a winner on Wednesday or Thursday
” Missing my million drats
