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Tesla has considered exporting EVs from Shanghai to US, Canada - sources

Tesla has considered exporting EVs from Shanghai to US, Canada - sources

13 Sept 12:01 Key points summarised by AI
  • Tesla explored plans to export Model 3 and Model Y electric vehicles from its highly productive Shanghai Gigafactory to the U.S. and Canada, potentially starting next year.
  • The evaluation involved assessing the compliance of China-made parts with North American regulations and planning a small-batch test run for production.
  • Factors driving this consideration included Shanghai's high production capacity, rising inventory levels, a cheaper yuan, and competitive pricing for China-made Teslas.
  • Tesla CEO Elon Musk publicly denied the report on Twitter, stating 'False,' though the impact on the ongoing feasibility study remains uncertain.
  • Such exports could introduce complexities for U.S. buyers regarding eligibility for EV subsidies under the Inflation Reduction Act.
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