Tesla Giga Shanghai Upgrades a "Scary Prospect for Competitors"

Описание: Today Piper Sandler analyst told customers that the Tesla Giga Shanghai upgrade has been extremely successful and has already reduced the wait time for vehicles. This trend is a "scary prospect."

Alexander Potter, a Piper Sandler analyst, said after extensive modernization of production lines, Giga Shanghai has significantly increased its production capacity, which will be especially evident after receiving the September sales reports. The analyst predicts even higher monthly production volumes in the coming months and suggests that at some point, Tesla will start cutting prices, capturing more market share.

“As production ramps and wait times fall, we think Tesla will remain singularly capable of quickly meeting consumer EV demand at palatable price points. While other brands struggle to ramp production, Tesla will (presumably) start cutting prices, thereby boosting market share at everyone else's expense.”

He also said “If Tesla's upstream supply bottlenecks truly are breaking, we think it's a scary prospect for other brands.”

Some Tesla observers think that because of all of these developments at Tesla Giga Shanghai, Tesla will soon drop the prices of its electric vehicles.

Simply increasing volumes but providing a car with defects and then not be able to fix the defects quickly is leading to a lot of lent up frustration. I can wait a lot longer if you produce and deliver a vehicle free of defects. Otherwise that market share that all Tesla shareholders are so enthused about will dissolve rapidly when the competition arrives in a year or two. I know the space is limited at Tesla's Fremont factory. Thus, if Freemont is limited it is better that Tesla takes it easy there and produces more vehicles out of Texas.

#technology #gigashanghai #ModelY #Model3 #Tesla #electricvehicle

This is Armen Hareyan from Torque News. Please follow us at   / torquenewsauto   on Twitter and https://www.torquenews.com/ for daily automotive news.

Reference
Tesmanian https://www.tesmanian.com/blogs/tesma...