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Tesla to deliver second batch of China-made Model 3 sedans next week: media reports

The first batch was delivered to employees at the Chinese factory, while the second one will be given to external customers

Tesla Inc - Tesla to deliver second batch of Model 3 sedans next week: media reports

Tesla Inc. (NASDAQ:TSLA) is set to deliver the second batch of China-built Model 3 sedans to customers next Tuesday at an event in Shanghai, Reuters has reported.

The first 15 models were given Monday to some of the electric vehicles maker’s employees at the Chinese factory, the first outside the US, which was built in just 10 months and began operations in October.

The customers for Tuesday's deliveries are not Tesla employees, a representative of the company told Reuters.

READ: Tesla extends recent gains on report it will start delivering first China-built cars Monday

Chief executive Elon Musk has previously said he expects production at the Shanghai facility to reach 500,000 cars per year.

Tesla's stock has climbed by 72% in the past three months fueled by a surprise move to profit in its third-quarter and excitement about plans for China and demand in Europe.

The shares were trading 1% higher at US$422.40 in pre-market New York dealings on Thursday.

Quick facts: Tesla Inc

Price: 826.16 USD

Market: NASDAQ
Market Cap: $783.12 billion

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