2 ms·
>CapEx is too low for Model Y Source? They said multiple times that they have enough cash already to start and ramp up Model Y production. NB: the Nevada Gig
by rcMgD2BwE72F 8y ago
>CapEx is too low for Model Y
Source?
They said multiple times that they have enough cash already to start and ramp up Model Y production.
NB: the Nevada Gigafactory is already built (that's where Model Y will be assembled), they already got the money for the Shanghai factory (enough for 3K/week vehicles and battery packs at end of this year). They will soon announce the European factory (hints of European production for end of 2020 in the Model Y press releases, probably financed with local bank loans just like in China).
We've heard "Tesla is done" since 2009 and yet, they keep eating into the competition's profits, and keep increasing their market share in the EV market at an evergrowing speed.