Tesla News Continues To Be Treated Of Luxury Goods In China Summary

1. Tesla China Achieves Second-High Insurance Performance In Q3

• Last week, 14,300 Tesla vehicles were insured in China, the second-highest performance in the third quarter of each year, and a sign of continued strong demand in the quarter.

1. Tesla Shanghai Megapack Factory Completed 45% Construction, Hits New Record

• Tesla China announced construction of its Shanghai Megapac plant was 45% complete three months after the start of construction. This is a new record, and the first rendering of what it looks like at the completion of the plant was also unveiled.

1. NFI Successfully Completes Tesla Semi Truck Test Operations

• Transportation and logistics company NFI said it had test-run Tesla Semi trucks in recent weeks, and its more than 6,000 miles of operation confirmed its outstanding efficiency.

1. Tesla Nevada Hits Over 500 Powerwall Production Record In Single Work Shift

• Tesla Nevada Team Sets New Record To Produce More Than 500 Power Walls In A Single Work Shift Time.

1. Tesla tops U.S. consumer satisfaction index for luxury in 2024

• Tesla tops the luxury category in the U.S. Consumer Satisfaction Index (ACSI) in 2024, and remains high alongside Mercedes-Benz.

1. Tesla slashes tariffs on Chinese cars exports to Europe to 9% from 20.8%

• Tesla will see tariffs applied when it exports cars made in China to the European Union cut to 9% from 20.8%. This is a result of the EU’s tariff revision.

1. Uber Hires Former Tesla Director Rebecca Tinucci To Lead Electric Vehicle Transition

• Uber hired Rebecca Tinucci, a former Tesla charging infrastructure director, to take on the platform’s EV transition.

1. SpaceX Starlink Strengthens Position With New Ground State Construction In Nigeria

• SpaceX’s Starlink will build new ground stations in the states of Lagos, Ogun and Rivers in Nigeria, and construction has already begun in Lagos.

1. FCC Authorizes SpaceX’s Starlink 2nd Generation Satellite Upgrade
   • The FCC granted SpaceX permission to upgrade its first-generation Starlink satellite to a second-generation satellite.
2. China’s retirement car compensation policy expects $26 billion additional revenue for EV sales
   • China’s retirement car compensation policy is expected to bring in more than $26 billion in additional revenue for EV sales, with exchange subsidies raised to 20,000 yuan.
3. Waymo Records 100,000 Payable Robotaxi Operations Per Share
   • Waymo has now completed 100,000 paid robo-taxi operations per week with about 700 vehicles, an average of about 20 operations per day per robo-taxi.