Tesla to retire these versions of Model S, X vehicles

12 January, 2019, 09:14 | Author: Regina Silva
  • Investor's Corner					Tesla’s Gigafactory 3 is pushing China’s local EV makers to be more competitive

Why it matters: Tesla's decision to discontinue 75 kWh battery options on the Model S and Model X does put more distance between the most expensive Model 3 and the cheapest Model S and Model X which may be the company's ultimate goal. The plant will be the first wholly foreign-owned vehicle factory in the country.

"I love China and want to come here more often", Musk said, according to a transcript of the meeting, which took place Wednesday.

Oracle Corp. founder Larry Ellison has acquired a $1 billion stake in Tesla Inc., making him the carmaker's second-biggest individual investor after his close friend Elon Musk. -China trade war, Li even said he hoped Musk could help stabilize relations.

If he really does receive his Chinese green card, Musk will join the likes of Nobel Prize-winning chemist Kurt Wuethrich, Nobel Prize-winning chemist Feringa Bernard Lucas, and, of course, basketball star Stephon Marbury.

Tesla did not respond to a request for comment.

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Tesla broke ground on Monday in Shanghai on its first factory outside the United States. The Model 3's range estimate of 310 miles also surpasses the Model S 75D, which is rated at 259 miles (the Model S 100D has a range estimate of 335 miles).

Popular YouTube tech reviewer and Tesla owner Marques Brownlee (known by his YouTube handle of MKBHD) replied to Musk's tweet saying that he feels as if Musk wasn't joking in his initial tweet and actually believes that Tesla Roadsters will be flying in 2022. The China Passenger Car Association reported that sales fell to 22.7 million units previous year, a decrease of 6 percent.

'Affordable cars must be made on same continent as customers, ' Musk wrote on Twitter ahead of the event.

Earlier on Wednesday, a Chinese government spokesman said three days of talks with US envoys aimed at ending a costly tariff battle had ended, but no details were immediately released.

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