Major Leadership Shift at Tesla as China Factory Chief Song Gang Prepares to Depart
In a significant organizational change within Tesla’s operations in China, Song Gang, the head of the company's Gigafactory in Shanghai, is set to leave his position this week. This news comes amidst ongoing challenges and strategic adjustments faced by Tesla in the world’s largest electric vehicle market.
Continue readingTesla Sees Unprecedented Surge in China Shipments Driven by EV Subsidy Support
In a remarkable turnaround, Tesla has reported a record quarter for vehicle shipments in China, capitalizing on a new wave of electric vehicle (EV) subsidies that are being offered by the Chinese government. The American electric car manufacturer managed to deliver an impressive 218,000 vehicles in the third quarter of 2024, marking a staggering 41% increase compared to the preceding quarter, and almost a 61% rise year-over-year.
Continue readingTesla's Potential Best Quarter in China Raises Expectations
Tesla Inc. is at an edge of achieving a feat in one of its most strategically important markets: China. According to the latest reports, the electric vehicle maker is on pace to set the best quarterly sales output within the Asian powerhouse. The expected feat is re-escalating the stakes as well as expectations among investors and industry analysts alike.
Continue reading