Tesla Sets Up Corporation In Chile ‘Number One With Lithium’

Ron Baron: I think Tesla employees are the highest paid employees in the world because they own shares. The stock fell yesterday because of Biden.

Wait to see what happens when you start selling cars for $25,000 in 1 to 1.5 years. The new model they think will produce 5 million cars a year.

Tesla Whale Investor Ron Barron revealed a very aggressive plan for Tesla to start producing $25,000 EVs in 18 months. Elon Musk noted that the production ramp-up of Cybertrucks will be difficult, and the economic environment is adding to the monthly payment burden. However, Tesla has achieved surprising timelines in the past, so it is not impossible to start producing new low-cost models.

[Breaking news]
Tesla Sets Up Corporation In Chile ‘Number One With Lithium’

According to the Official Gazette of Chile, we have registered ‘Tesla Chile Joint Venture Company (SpA). Tesla has dispatched staff to the site to carry out lithium extraction and energy storage projects.

Chile accounts for about 54 percent of the world’s lithium reserves.
Tesla is ahead 🚀

Model 3 production at Giga Shanghai in Oct was 28K. That’s excellent and 8K higher than I expected.

This could mean more exports for Q1 or it could mean more China sales in Q4. Ideally, the next weekly insurance number should be at least 16,100 in total with 5,500+ Model 3s.