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Tesla Plans Factory In China, Discounts Insurance For Self-Driving US Cars (electrek.co)
Business Insider reports:
Tesla has created a customized insurance package, InsureMyTesla, that is cheaper than traditional plans because it factors in the vehicles' Autopilot safety features and maintenance costs. InsureMyTesla has been available in 20 countries, but Tesla just recently partnered with Liberty Mutual to make the plan available in the U.S. InsureMyTesla shows how the insurance industry is bound for disruption as cars get safer with self-driving tech.
Electrek reports: There have been several false alarms over the past few years about Tesla building a factory in China. Earlier this year, Tesla finally confirmed working with the Shanghai government to establish a manufacturing facility in the region and promised an announcement by the end of the year. Now the Wall Street Journal reports that they have come to an agreement with the local authorities on a "wholly owned" factory in the region... China is already the biggest market for electric vehicles, or any vehicles for that matter, and Tesla profited from the demand by tripling its sales to over $1 billion in the country in 2016. Tesla continues to have strong sales in the country this year, where it leads foreign electric car sales with no close second.
Electrek reports: There have been several false alarms over the past few years about Tesla building a factory in China. Earlier this year, Tesla finally confirmed working with the Shanghai government to establish a manufacturing facility in the region and promised an announcement by the end of the year. Now the Wall Street Journal reports that they have come to an agreement with the local authorities on a "wholly owned" factory in the region... China is already the biggest market for electric vehicles, or any vehicles for that matter, and Tesla profited from the demand by tripling its sales to over $1 billion in the country in 2016. Tesla continues to have strong sales in the country this year, where it leads foreign electric car sales with no close second.
Move it to Mexico ASAP.
The Chinese gigafactory is for the Chinese market (the largest EV market in the world). The US gigafactory is for the US and European markets (although the EU will likely get its own gigafactory eventually).
I'll BUILD someone to replace you. Some kind of gamma-powered monster, with a heart as black as coal!
What is not clear is if InsureMyTesla will make rates equal for all drivers always, regardless of the accidents they get into as individuals. They all have the same flaws since they all use the same software, and therefore have the same risk. Therefore all owners should pay on a collective basis.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
And less need to worry about harassment lawsuits in China.
Why do you have to pay insurance for their self driving? If Tesla trusted its self driving feature, it would indemnify the owners in the event of an accident. The fact you have to buy coverage hits on the fact it is an alpha release of âoeself driving.â
Expect a multitude of EV clones in China appearing that look strangely similar to Teslas.
The Chinese market may be massive, but that market is only available to Chinese citizens for the long term. It will be known in history as the great IP theft of the west.
Christ you're dumb. Dominating global markets will mean factories all over the globe. This is a Good Thing for America.
>insurance industry is bound for disruption as cars get safer
As self driving tech becomes mature liability shifts to the manufacturer, not the owner as the owner no longer operates the car. Another part of why there's an all-or-nothing factor to autonomous cars.
China does what USdon't, as in promote EV policy. cf election of Trump and appointment of Pruitt.
you mean the LOAN that has been payed back? What part of loan is not free market economics ?
What a wonderful idea. So you can get insurance from the company that has, essentially, unlimited spyware in your car. So they can charge you for your "risk" based on how hard you brake, how hard you accelerate, how hard you corner, how fast you drive, where you like to drive, what times you drive, and so much more, and all regardless of the ACTUAL outcomes or how actually safe you are.
Pass
It doesn't matter. Getting in bed with the Chinese apparently means they now have a significant influence within your company.
Say, just as a completely hypothetical example, the Chinese government doesn't want a political dissenter living in New York to be able to broadcast videos critical of the Chinese government. Why, just drum up some evidence of harassment, and you get your YouTube and Facebook accounts blocked, just like that. Maybe you even pressure the Chinese security officer who is currently the head of Interpol to file some charges against him. And, naturally, it's completely coincidental that this happened during the once-every-five-years meeting of the Chinese communist party.
But like I said, that's just a hypothetical example. I'm probably over-thinking this, right?
Irony: Agile development has too much intertia to be abandoned now.
Take US taxpayers' money and run away!
If by run away you mean continue to manufacture in the USA while expanding and improving production, increasing economies of scale, all the while offsetting the carbon emissions in our world which was the primary purpose of the tax breaks in the first place, then I hope every company "runs away".
Speaking of taxpayers' money, you do realise this is based on USA sales and productions right? Meaning none of this money goes to this factory? I guess that doesn't suit your anti Tesla / anti government subsidy rant though.
Musk has billions in US tax dollars in his pockets today. So shut the fuck up. If it wasn't for US tax dollars Tesla would be an unknown niche market to anyone who wasn't a car enthusiast or an environmentalist*.
* And I mean real environmentalists, not the shitbags who think posting a few Facebook memes about the Paris Accord made a difference in anything.
You still don't get it. China is doing the things that the US won't, don't, and soon to be, can't, because of the GOP.
Musk has not taken federal taxpayer money. He has taken state taxpayer money, but those factories will remain there.
In addition, the model 3 is the MOST American made car going, bar none.
There is nothing from GM, Ford, Chrysler, etc that are more American made. And yet, you continue to troll here, likely on Koch's payroll.
I prefer the "u" in honour as it seems to be missing these days.
Yes, Daimler's plans are not new:
https://www.bloomberg.com/news...
My Ford Model B....
Will ground be broke before or after the Tesla bankruptcy?
Hmm...I'd say the Chevrolet Corvette is more american made than the model 3. Considering that the vast majority of all those expensive components in the model 3 batteries are mined in China, and those batteries make up a large portion of the cost of the car, it'd be hard to make a claim otherwise.
The question is whether you actually believe that, or whether you think other people are dumb enough to believe that.
lets see.
Tesla's CObalt is currently coming from Canada, with Idaho starting up as well
Lithium is coming from Northern Mexico, along with Nevada.
Nickel does come from Australia,Indonesia, and Japan, so, those will be imported.
Steel and Aluminum are from all over, including America.
However, these are the RAW materials. As it stands, IIRC, Model 3 is about 93% American made. Corvette, like its speed, does not touch it.,
I prefer the "u" in honour as it seems to be missing these days.
Now we know Elon Musk is against us. Everything he does is pure tech LARPing except, oh my goodness, a plant in China! That will bring America back for sure!
The US imports 74% of its cobalt, and Canada isn't even in the top 4 suppliers. China Norway Findland and Japan round out the top 4.
Try some facts instead of some wishful thinking PR fluff.
LOL.
Why do you dicks continue to lie and just make up bull shit.
This was for 2016: 1) Congo : 66,000 MT.
2) CHina: 7700 MT.
3) Canada: 7300 MT (which provides for Tesla).
4) Russia: 6200 MT.
5) Australia.5100 MT.
6) Zambia 4600 MT
7) Cuba 4200 MT
8) Phillipines 3500 MT
9) Madagascar 3300 MT
10) New Caledonia 3300 MT.
Where is Finland, Norway, and Japan? They are NOT part of it. And Tesla has said that they get all of their metals from nations that are not controversial (though that was before they struck a deal on rare earth with china).
Nice job trolling. I am guessing that you work for the koch bros?
I prefer the "u" in honour as it seems to be missing these days.
Let's see.
http://www.american.edu/kogod/...
Corvette comes in #3, while the Tesla Model S comes in #14. Unless the model 3 has radically increased it's sourcing from the US, I suspect the Model 3 will remain around the 14th rank.
No, the model 3 has RADICALLY brought most of it inhouse. That is why I said, model 3. It is supposed to be in the 90s American made.
OTOH, MS/MX are around 50-55% American made, which is JUST ENOUGH to pass NAFTA and nothing more.
I prefer the "u" in honour as it seems to be missing these days.
oh hey, interesting link. Sorry, but I did not look at the prior to posting. But, I like that link (cool that it backs me up).
Yeah, it shows that GM, Ford, etc just plain sux for what they are doing to America. The fact that W and O bailed them out is just disgusting. If we are going to bail them out (and yes, we bailed out Ford by giving them 22+ billion loan with no interest and it is STILL NOT PAID OFF), we should have broken them up into multiple small car makers. That way they would turn out to be like Tesla as opposed to what we have now.
I prefer the "u" in honour as it seems to be missing these days.
Where do you think the oil and gas in the Corvette come from?
so maybe they'll just barely scrape by. But please, by all means, short TSLA. Thanks for the free money.
Executed is probably better than being sexually harassed. Though I would bet the China Tesla plant would just rape the employee.
...if Tesla doesn't go bankrupt long before.
Chinese company produces exact Tesla clone.
If you manufacture in China, they WILL steal your design. I've had two companies I worked for have this happen, with Chinese engineers ( after a little booze) let on that the back room we weren't allowed to see was them breaking down our machines to make copies.
repairs the parts and sells them to the insurance companies directly. because tesla cant get parts or their shit together. hahaha sell yours soon!!
You idiot, you were talking about American imports of Cobalt. Not global exports of Cobalt.
https://minerals.usgs.gov/mine...
All your links were just wishful thinking and aspirational PR pieces. Try a fact or 2 for a change.
The gasoline and oil in the corvette uses, is almost completely produced in the US.
https://www.eia.gov/energyexpl...
I agree as part of the bailout, we should have broken the companies up. Both GM and Ford likely would be better today if they were (as well as the consumers).
Your link was last year BEFORE Tesla started importing.
Tesla already said Canada for Cobalt. In fact, they have said that they would not use any nation that has issues,SUCH as CHina and Congo, though they did cut a deal with China for rare earth.
I prefer the "u" in honour as it seems to be missing these days.
But we both know that you don't really *believe* that Tesla is going to fail, you just really, really want them to.
because I'm going to wait a couple years and then stalk you through every thread, and replay those words back to you. Congratulations on learning nothing from: "No wifi, less space than a Nomad, Lame".
Until then, here's some Econ 101:
1. There's a big difference between not turning a profit because noone wants to buy your crap and not turning a profit because you can't manufacture products fast enough to keep up with demand and every $ of revenue is reinvested into expanding capacity.
2. You can't make a product fail by hating the company's CEO.
Yes all aspirational PR bullshit that you yourself just said they already reneged on...