WSJ tesla Flashcards
What is a major problem at Tesla at the moment?
Tesla, meanwhile, has people jumping off the boat at an abnormally high rate.
Who has left for instance?
The recent departure of the company’s well-regarded engineering chief, Doug Field, is part of a broader exodus that has claimed at least 50 vice presidents or higher-ranking executives over the past 24 months.
Where is Teslas second biggest market after the US?
China
Where does Tesla buy a factory?
The electric-car maker will set up and own the plant that is expected to produce 500,000 vehicles a year sometime next decade, the Shanghai authorities said. Tesla Chief Executive Elon Musk was in Shanghai to sign the agreement, authorities said.
What is so special about it?
Tesla is doing something that no foreign auto maker has done before: build a factory and a network of suppliers in China without the support of a local joint venture partner. Also, the current U.S.-China trade dispute poses a risk to Tesla if the issues should create consumer backlash against American products.
How many cars did Tesla sell in china last year?
China is already Tesla’s second-biggest market after the U.S. The auto maker sold about 17,000 cars there last year, compared with roughly 50,000 in the U.S. and 103,000 globally.
How long will it take until the factory produces?
A Tesla spokesman said it would take about two years until the factory begins producing vehicles, and another two to three years before the facility is hitting its annual capacity of 500,000 vehicles.
Which companies are severely affected by the tariffs as well?
In recent years, foreign auto makers BMW AG BMW 0.31% , Daimler AG DMLRY 0.24% and China’s Zhejiang Geely Holding’s Volvo Cars have invested billions to expand U.S. factory production with the goal of exporting a significant number of vehicles to China and other markets world-wide.
to what did china raise its tariffs of imported cars?
On Friday, China raised to 40% its tariff on auto imports from the U.S. as part of a broader retaliation against the Trump administration’s move to impose duties on $34 billion in Chinese-made goods.
Which company is building its cars in china already?
Among the U.S. auto makers, General Motors Co. is a large player in China but builds virtually all of the cars it sells there at factories in the country. Ford Motor Co. and Tesla Inc. have a smaller sales presence in China but still export vehicles that would be subject to the 40% tariff.
How much has Tesla increased its prices over the weekend?
Tesla, which exported 17,000 vehicles to China last year, increased vehicle price listings on its Chinese website by nearly 20% over the weekend. The company on Tuesday announced plans to build a factory in Shanghai.
Who is particularly vulnerable?
BMW and Daimler are particularly vulnerable to the tariff dispute. Both German auto makers have massive factories in the U.S. South that employ thousands of workers and build luxury sport-utility vehicles for export to China and Europe, as well as sale in the U.S. The tariffs will force the companies to either charge customers in China more or absorb the added costs.
Ho could the tariffs influence the carmakers?
However, the tariffs could discourage these car makers from proceeding with planned expansions, analysts and executives said.
Where did Volvo built a factor
Volvo Cars opened a $1.1 billion plant near Charleston, S.C., last month to produce its S60 midsize sedan for North American markets. In the next three years, the company plans to add an SUV model that will be sold domestically and exported, including to China, and boost employment to more than 4,000 workers from the current 1,200.
How does BMW for instance get affected?
BMW last year sold 385,900 vehicles made at its factory in South Carolina. Of those, 87,600 were shipped to China, while another 112,900 were sent to Europe. Any new vehicles BMW ships from its U.S. factory to China will be subject to the 40% tariff, making them more expensive than the models that rivals build in Europe and then ship to China.
What does a basic Sedan now cost?
A basic Model S sedan now costs roughly $128,400, up from $107,300 last week, while a Model X sport-utility vehicle costs $140,100, compared with $117,100.
