Tesla Shanghai reportedly making 1,000 cars per week

Tesla Shanghai reportedly making 1,000 cars per week

Tesla is producing its Model 3 electric vehicles at a rate of 28 per hour at its new Shanghai factory, which was built and began vehicle assembly in just under a year. 

Earlier this month, Tesla secured a $1.29 billion loan to advance construction and production at the Shanghai facility. 

Its China-made Model 3s are selling for around 355,800 yuan (or $50,000) before subsidies.