A drone captured a massive fleet of Tesla electric vehicles from the Shanghai Gigafactory, presumably gearing up for quarter three exports. The factory was shut down for 22 days due to Covid lockdowns. When production got back up again, employees were required to sleep on the factory floor until the end of the lockdown. This was part of a closed-loop plan to comply with safety measures in the country. This has affected overall production for the company since it couldn’t run its regular three shifts.
This month, Tesla was knocked off its throne as the largest EV seller worldwide. The Chinese company, BYD, dethroned it. Despite strict Covid lockdowns, the Chinese company saw a 315 percent year-on-year jump in sales, selling 641,000 vehicles. This is in comparison to the 564,000 sold by Tesla. This was a 46 percent increase from the previous year, but not enough to keep its crown.
Wu Wa, a YouTube channel focusing on Tesla’s Shanghai Gigafactory construction, posted a video of Tesla Model 3’s at the Luchao Port Nangang Pier. The account said that according to the news, the EVs are headed for the European market. So, anyone waiting for their Tesla in Europe can get excited that their car is on the way. The video shows thousands of vehicles ready to be shipped to their owners. It looks like the factory is bouncing back from past delays.
Tesla will undoubtedly want to regain its name as the largest EV producer in the world. Besides the lockdowns in China, supply chain issues have also caused problems for the company. It expects those problems to continue during this year. On top of those issues, the company has also faced labor, manufacturing and transportation challenges. Tesla’s Berlin Gigafactory had to shut down for two weeks due to the production taking a long time and the inability to meet the demand for the Model Y. The company shut down the factory to fix the issues. So, it’s been one problem after another for the former EV leader.
Also Check: What To Expect From Aave’s New GHO Stablecoin
Volkswagen has also made it known that it’s coming for the top EV seller spot. The German car company’s CEO Herbert Diess said it aimed to overtake Tesla as the largest EV producer by 2025. It seemed like a big claim at the time, but a month later, a study from Bloomberg Intelligence predicted that it would happen even sooner, in 2024. So if the company ramps up production to more than two million in 2024, it could accomplish it. Tesla will have to make some changes to fight off the competition. Unfortunately, Tesla has also raised the price of all its vehicles, and consumers lost their California EV rebates when buying these cars. It has had so many issues over the last year that it could be hard to regain the top spot and fight off other car manufacturers, but it looks like Tesla is trying to rectify that before it’s too late.