In the whirlwind of automotive advancements, Tesla remains a trailblazer. Yet, among all its developments, its performance, particularly Tesla in China, stands out. This article delves deep into recent production figures from Giga Shanghai, provides a sneak peek into Tesla’s expansion endeavors in Mexico, and touches on some of the whimsical challenges that make Tesla the dynamic entity it is today.
Tesla in China: The Figures
According to recent data, Tesla recorded 12,800 insurance registrations during the week of July 31st to August 6th. Although the company started the quarter a tad slower than Q2, it seems they’re rapidly closing that gap. Further insights from Rob Mower of the Tesla Daily Channel provided a detailed breakdown of production, wholesale and retail sales, and export data for the month. Based on CPCA data:
- Tesla produced 80,345 vehicles at Giga Shanghai in July.
- Model Y’s production stood at 57,604, marking the second-highest monthly production ever.
- Model 3’s production was 22,741, roughly 11% below the year-to-date average.
For exports, the total figure was 32,862, split between 20,329 Model Ys and 12,533 Model 3s. Retail sales for the period came to 31,423, with Model Y sales at 23,632 and Model 3 sales at 7,791.
Tesla’s Expansion in Mexico
There’s growing curiosity surrounding Tesla’s plans for a new manufacturing plant in Mexico. Tesla Manufacturing Mexico has sought environmental permits from the Ministry of Environment and Natural Resources for a new plant in Santa Catarina, Nueva Leon. This endeavor will see the development of a warehouse geared towards the automotive industry on a vast 206-hectare site situated in the Liberamiento area in Southwestern Tijuana. Local sources have already noted the arrival of machinery at the prospective Giga Factory site in Santa Catarina, with construction visibly underway.
A Glimpse at Tesla’s Full Self-Driving (FSD) Progress
On the technological front, Tesla’s Full Self Driving (FSD) software is under rigorous development. The company is presently working on version 11.4.7, expected to release widely soon. An upcoming version, named Version 12, is poised to be a game-changer. Pegged as nearly a complete rewrite, this version encompasses roughly 99% new AI, currently under testing. However, it’s speculated that the fully realized version of FSD might not be unveiled until after 2023.
The Stock’s Technical Analysis
On examining Tesla’s stock performance, there’s been little change recently. The stock appears to follow a ‘cup and handle’ pattern. Despite a bearish week, the Relative Strength Index (RSI) is moving toward a neutral zone, while the Moving Average Convergence Divergence (MACD) remains bullish but is on a downward trend.
The Musk-Zuckerberg Face-Off
In more light-hearted news, there’s been a buzz about a potential “fight” between Elon Musk and Mark Zuckerberg. This unique event, should it transpire, will be orchestrated by both Musk’s and Zuckerberg’s respective foundations. Intriguingly, the event promises an Ancient Rome theme, devoid of any modern elements. Italy’s Prime Minister and Minister of Culture have even consented to a historic location for the event, ensuring it pays homage to Italy’s rich heritage. All proceeds from this event are earmarked for veteran causes. However, due to Musk’s recent health issues requiring minor surgery, this anticipated showdown might be on hold for the foreseeable future.
In conclusion, the world of Tesla remains as dynamic and exciting as ever, with significant advancements in global markets, innovations, and even the occasional whimsical challenge thrown in for good measure.
