Tesla Starts Taking Model 3 Orders in ChinaChief Executive Officer Elon Musk stated,”Likely some deliveries in March, but April is more certain”, after a Twitter user requested whenever the deliveries in China would start.

Tesla declined to comment.

The company has been banking on its own Model 3 sedan, the performance of which can be seen critical to the carmaker’s future. Shares of Tesla climbed 1.6 percent at $353.93 (roughly Rs. 25,500) in early trading.

China is the largest market for electric vehicles and most forecasters forecast that its sales in the country will accelerate quickly as government regulation drives toward a goal of 100 percent electrical vehicles by 2030.

Tesla had signed a deal with Shanghai government in July to build its first factory outside the USA, which would cost approximately $2 billion (approximately Rs. 14,400 crores) to construct and could double the size of its global production.

The Shanghai Gigafactory, located in eastern China, intends to fabricate Model 3 and Model Y cars, with annual capacity of 250,000 vehicles, according to a filing.

Tesla is also developing strategies to begin producing about 3,000 Model 3s each week at Shanghai at the initial stage of its Gigafactory 3 to reduce the impact of tariffs.

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