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Tesla's (TSLA) Rally Could Be An Opportunity

Tesla's (TSLA) Rally Could Be An Opportunity

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Shanghai Gigafactory

Tesla’s Gigafactory 3 in Shanghai, China, is going to change the game for the electric vehicle maker. US automakers are going to be subject to a 50% import tax. Tesla’s new domestic Gigafactory will shield it from this tax and give the company direct access to the largest electric vehicle market in the world.

This new factory is expected to start production this quarter and looks to be on schedule, something that is rare for Tesla. This company is anticipating to make 250,000 cars per year in Phase 1 and eventually reach its capacity of 500,000 vehicles produced annually.
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https://www.zacks.com/stock/news/560091/