Tesla's new China factory is slated to produce the Model 3 by 2019 end. Chinese demand for the Model 3 has been weak and 2020 China losses should be -$490m.

The terms of Tesla's contract with China are draconian. If Tesla can't generate a 15% pre-tax margin by 2023, the government takes back the factory.

Handing back the factory could lead to a $2bn write-off or 38% of June-end equity. Tesla put shareholders' capital at risk by agreeing to China's lofty terms.

Cnc Door Paint Machine High Quality Supplier

There are over 27 new EVs scheduled to launch by 2020 end, the majority of which will head to China. Tesla could see its undoing in a market with such fierce competition.

With Model 3 sales falling in the US, the additional losses booked in China should lead to a 2020 net loss of -$3.3bn. Financing should be inevitable by Q1 2020 end.

Tesla (TSLA) is preparing to start Model 3 production at its Shanghai Gigafactory 3 (GF3) by year-end and Tesla fans are excited about China becoming the

Furniture Spraying Machine, Auto Spraying Line, Paint Drying Equipment - Godn,https://www.godnmac.com/