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Tesla Could Soon Start Model Y Deliveries From Giga Shanghai

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Tesla Could Soon Start Model Y Deliveries From Giga Shanghai

Tesla Inc (NASDAQ: TSLA) recently finished constructing the second phase of Gigafactory Shanghai, which is expected to produce the Model Y. A prototype Model Y was recently spotted in China. 

Now, anonymous sources speaking with Tesmanian say Tesla will be producing the Model Y in Shanghai by December.

This would open the door for the popular Model Y to be sold in China as well as possibly Europe or other regions.

Gigafactory Shanghai has been receiving a flood of orders for the Model 3 after a recent price cut. Tesla is also on track to soon produce the Model Y in Europe following the completion of Gigafactory Berlin.

Benzinga's Take: The Model Y may prove to be even more popular than the Model 3. And with multiple factories now able to produce the vehicle, Tesla is well on the way to completing its goal of 500,000 vehicles delivered in 2020.

Tesla just set a record for deliveries, sending almost 140,000 cars to customers in the third quarter of 2020.

Photo courtesy of Tesla. 

 

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