Tesla China's second-generation Model 3 production line will be at least 50% cheaper per unit of capacity than its Model 3-related lines in Fremont.
Tesla will start building a simplified, more cost-effective version of their Model 3 line with capacity of 150,000 units per year – the second generation of the Model 3 production process. Chinese customers bought well over a half-million mid-sized
premium sedans in 2019. Thi market poses a strong long-term opportunity for Tesla.
Tesla continues to target production of over 500,000 vehicles globally in the 12-month period ending June 30, 2020.
Tesla will start producing the Model Y in 2020. They forecast Model Y will be a more profitable product than the Model 3