Aston Martin's Brexit headaches include electric vehicle production, earning reports, and fights over fuel-economy standards, all of these were included in the Morning Shift on Oct. 25, 2018.
One of the first gears Tesla desires to take some of the Model 3 productions to China. Tesla was able to make profits during this year's third quarter. However, this is not the only news received last Wednesday. According to Jalopnik, Tesla expresses its desire to ramp the production in China. This includes some portions of Model 3 productions there next year.
Tesla said many things on Wednesday that the company will begin taking orders for the Model 3 from China and Europe. This will reportedly all happen before this year ends and the car deliveries to Europe will start in early 2019. As mentioned earlier, the company desired as well to have some of the Model 3 productions in China next year. Tesla's earnings report said the production in China is intended for local customers only.
The automotive company has plans for a huge factor in Shanghai. They are targeting to create 500,000 vehicles per year and will spend over $140 million to buy land for. However, the construction of the plan is not starting yet.
The company said early in October that they are planning for a faster build out of a factory in China. Meanwhile, the term "portions of Model 3 production" is what's new here and considered an important phrase. This term possibly refers to a term in the manufacturing world, which is known as a complete knockdown
Tesla has a warning of how the delivery report and productions in early October tariffs and the shipping's cost of the vehicles through its ocean carriers and the lack of access to the cash incentives available. With this, they can locally produce electric vehicles and has placed Tesla in an ideal position in China. The company also reiterated those cost constraints during their third-quarter earnings report. We will see how this situation goes.
In relations to this, Ford is currently on its earning fall but the SUVs and Crossover seemed to work. All in all, Ford's situation has not gone well during this year's third quarter earnings report. They reportedly have poor performance in China and other multiple markets overseas.
Ford posted over a 37 percent drop in its net income but despite this, the revenue rose 3 percent. This was all thanks to the higher profit vehicles in North America as the big crossovers and SUVs which everyone is buying.
