Sources say Musk will attend the delivery ceremony of Tesla’s Shanghai plant Model 3

Tesla CEO Elon Musk plans to travel to Shanghai to attend a ceremony to officially deliver Chinese-made Tesla motors to customers,media said today, citing people familiar with the matter. Tesla’s Shanghai plant is now in production, producing more than 1,000 Model 3 electric vehicles a week.

On December 30th Tesla delivered its first 15 electric cars to its employees. Tesla will deliver to the public for the first time on Tuesday (January 7), with a delivery ceremony scheduled for 3 p.m.

Sources say Musk will attend the delivery ceremony of Tesla's Shanghai plant Model 3

The Shanghai plant is Tesla’s first overseas plant and an important market for Tesla to boost its global car sales. Many analysts say Tesla’s future performance, particularly in China, will depend heavily on its Shanghai plant.

To attract buyers, Tesla cut its starting price for its Model 3 sedan in China by 9 percent to close prices to some local electric car makers. Tesla could cut prices further in the middle of the year as parts are domesticated, people familiar with the matter said.

“The demand for our locally produced Model 3 is very good, ” Wang Wei, Tesla’s general manager for China, said last week. We are confident that all the vehicles produced in this factory will be sold. “

Tesla has yet to comment on Musk’s attendance at the Shanghai delivery ceremony.

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