Elon Musk Shoots Down Reports Of Tesla's China Woes Amid Intense Competition, Says Giga Shanghai Is 'Running At Max Capacity'

Quick Summary:

What Happened: “Our Shanghai factory is running at max capacity,” Musk wrote on social media platform X while reiterating his criticism of mainstream media.“Believing the news is silly,” the CEO said.

According to Tesla's second-quarter shareholder report, the gigafactory in Shanghai has an annual vehicle production capacity of over 950,000 vehicles, implying a daily maximum capacity of about 2,603 vehicles.

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk on Sunday denied reports of his EV company struggling in China amid increasing competition from domestic automakers and an intense price war.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChina

Topics: TSLA US88160R1014 News General Tech Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 09:53:49 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22422511

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 25 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions