• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 56 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 1 day Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 10 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 2 days CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 19 hours NordStream2
  • 17 hours OPEC+ Expects Large Oil Glut In Early 2022
  • 2 hours Ukrainian Maidan after 8 years
  • 3 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 3 hours Forecasts for Natural Gas
  • 19 hours Big Bounce: Russian gas amid market tightness - new report by Oxford Institute for Energy Studies
Germany Urges Congress Not To Sanction Nord Stream 2

Germany Urges Congress Not To Sanction Nord Stream 2

Germany has reportedly urged the…

LNG Suppliers Are Very Confident In Asia's Strong Gas Demand

LNG Suppliers Are Very Confident In Asia's Strong Gas Demand

Liquefied natural gas (LNG) suppliers…

Leaked: This Is What The Tesla Model 3 Will Cost In China

Tesla will announce some details for its China-made Model 3 on Friday, and it is considering pricing its flagship electric vehicle at between US$43,400 (300,000 Chinese yuan) and US$50,700 (350,000 yuan) before subsidies, people familiar with the plans told Bloomberg on Tuesday.

The U.S. electric vehicle (EV) maker has yet to finalize the exact final price of the Model 3 that will be made in China, according to one of Bloomberg’s sources.

Tesla said in a Chinese social media post that an announcement regarding its China-made Model 3 will be made this Friday, May 31, and invited people to guess the price of the locally made Model 3.

Tesla already sells Model 3 on the Chinese market, at prices starting at US$54,600 (377,000 yuan), its website shows. Currently all Tesla cars sold in China are made in the United States and then shipped to China, which adds logistics costs, import tariffs, and the risk of additional tariffs if the trade war further escalates. The imported Tesla vehicles are not eligible for subsidies either.

Tesla has started the construction of a production facility in the world’s top EV market in order to be able to compete on a level playing field with a growing number of local EV manufacturers. As a U.S.-made vehicle, Tesla’s cars in China have been subject to steep tariffs, and sales have suffered from the U.S.-China trade war.

In January this year, Elon Musk joined the mayor of Shanghai for the groundbreaking ceremony of Tesla’s first factory outside the U.S. and in the world’s largest electric vehicle (EV) market, China.

Tesla aims to finish the initial construction of the Shanghai Gigafactory this summer, begin production of Model 3 by the end of this year, and reach high volume production next year, Musk wrote on Twitter on the day of the event.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News