Hyperdrive
Tesla Just Delivered Its First China-Built Cars in Shanghai
- Cowen is skeptical demand will be as strong as CEO predicts
- Analyst is concerned about subsidy cuts by China, Netherlands
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Tesla Inc. is about to find out whether the second time is the charm for Elon Musk making bold predictions about how many cars the company can build and sell.
The electric-car maker handed over the first 15 Model 3 sedans assembled at its new multibillion-dollar plant near Shanghai -- its first outside the U.S. -- to company employees at the facility on Monday. Tesla took the same approach when it started production of the sedan in California in July 2017, delivering its first Model 3s to staff.