“Ultimately, the Tesla Model Y will have more demand than probably all the other cars of Tesla combined,” he said.

As expected, Elon Musk did not go to the Gigafactory 3 in Shanghai solely to deliver of Made-in-China (MIC) Model 3 to non-employee customers, as promised. Tesla's CEO also officially announced the Tesla Model Y program. The Model Y is already available for order in China, although it will probably take some time before it enters production. We previously thought Musk would announce the manufacturing itself.

Tesla Gigafactory 3 was envisioned for the Model 3 and Model Y production from the start. Initially, the company said that the factory would produce an entry-level version (Standard Range Plus) for the Chinese market, while other versions would be imported from the U.S.

Gallery: 2020 Tesla Model Y

Anyway, the video description states the GF3 operates at a much lower cost than Tesla Factory in Fremont – 10 percent of that cost, to be more precise. If that is correct, we expect that other versions produced and exported from China to global markets would be a smart and inevitable business decision.

In the video, Elon Musk also says that the Model Y has some advanced manufacturing technologies that the company will reveal in the future. That is almost a confirmation of the patents we have shown you back in July.

Gallery: Tesla Goes Patent Crazy With Huge Casting Machine For Model Y

Probably later this year, Tesla will present its new advanced manufacturing technology for the Model Y. If it does not anticipate the car production in six months, as some suppliers claim that will happen.

Model 3

According to Reuters, ten customers have received their cars (on top of the 15 employees on December 30). We guess that was solely at the factory: the Chinese media reported about roughly 100 MIC Model 3 deliveries at just one Tesla store in Shanghai earlier today.

Gallery: Tesla Model 3

Tesla is currently in a ramp-up phase of the Model 3 production, using about 30 percent of parts supplied locally. By the end of 2020, the company expects to achieve 100 percent of local content.

Video Description via TeslaTeslaTesla on YouTube:

Elon Musk China Reveal New Model Y Information

This China Gigafactory reveal happened around 2am est. Elon revealed new info about the Model Y after he delivered the first Model 3. The first new information about the Model Y since its introduction. Subscribe and Like for more Tesla and Space X Content. I have more news on the way. Comment below your thoughts on this reveal, Elon Musk, Space X, or Starlink.

Tesla China claims the cost reduced more that 65%

1/10 of the cost of the California plant.

Cars built in China will be shipped to other parts of the world.

2019 total shipment reached 360,000 increase of 50% compared to 2018.

The China plant is mostly

Production capacity dramatically increased with the introduction of the China Gigafactory.

290,000 is a strong blow to domestic car makers.

Tesla in China injects momentum to the Chinese auto market.

Built the Gigafactory and produced the first car within 1 year.

Elon claims Model Y will have more demand than all other models.

Model Y uses advanced manufacturing technology to be revealed at a later date.

*Future plan: Create a China design and engineering center to create a vehicle made by Chinese for the rest of the world.

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Source: Reuters, Bloomberg, Tesmanian