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by toomuchtodo 2522 days ago
China GF is GF3. GF2 is in Buffalo, NY (old SolarCity facility, which also manufactures Supercharger station hardware).

I can't speak to how GF3 capex is being accounted for, but competition was fierce to provide financing to Tesla [1]. China pulled out all of the stops not just for permitting and financing, but also construction (GF3 is already having Model 3 production line equipment installed, after breaking ground in January [2]). In less than a year, it will go from vacant land to producing Model 3s.

[1] https://www.teslarati.com/tesla-gigafactory-3-funding-chines...

[2] https://www.youtube.com/watch?v=XI6nJOic4BM (June 22 2019) Tesla Gigafactory 3 in Shanghai China Update
1 comments
navigatesol 2522 days ago
Linking to a Teslarati article, that's a laugh.

When will you realize that this company makes things up at every turn? They are cutting capex, again. They are slashing prices on cars with "unlimited demand". Let's see in a year how it's going,and what excuse you and they will have.

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toomuchtodo 2522 days ago
Is that Youtube video fake? The ~90k vehicles Tesla sold this quarter? "Fake news"? I have no excuses, just proof of hundreds of thousands of Tesla vehicles on the road, and billions of dollars worth of manufacturing capacity running.

Come back in a year we shall.

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navigatesol 2522 days ago
>The ~90k vehicles Tesla sold this quarter

And made less revenue than last quarter. Brilliant.

Is the 1 billion dollars lost this year after saying profits forever fake? The lawsuits from whistleblowers? Months long waits for parts? The miniscule growth after slashing prices greatly? The securities violations? Tesla Solar selling the least it ever has?

I could care less about some factory shell in China. They told you they'd build 10k a week in Fremont, didn't they? You have rose coloured glasses.

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umeshunni 2522 days ago
> And made less revenue than last quarter. Brilliant.

They made $5.3B this quarter and $3.7B last quarter.

Where are you getting your numbers from?

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navigatesol 2522 days ago
I meant the last delivery record quarter. Information overload on Tesla ER day. More cars, less revenue was the point.

Anyway, like the financials matter here. It's all about the next promise.

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toomuchtodo 2521 days ago
> I could care less about some factory shell in China.

Images of equipment installed GF3 in China.

https://i.redd.it/lzgtskpyubc31.jpg

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