Tesla prepared to deliver Model 3 to China buyers in March

Neil Armstrong was the first human to walk on the moon.                  NASA

Musk's attorney, Dean Kristy, argued in a motion filed Thursday in a USA district court that the proposed subpoena of Canadian musician Grimes, who was dating Musk in August when he tweeted that he was considering taking Tesla private at $420 per share, is an effort to "sensationalize these proceedings" rather than a legitimate fact-finding mission. The plaintiffs are also proposing subpoenas of rapper Azealia Banks, who alleged in Instagram posts that Musk was using drugs at the time, and various media outlets that interviewed Banks or Musk, like Business Insider and The New York Times.

Located in the Lingang area of Shanghai, the Tesla Gigafactory aims to build 500,000 electric vehicles per year. The deadline of reduced tariff would end on March 2nd, and after that, the tariff on USA made autos on China would revert back to 40 percent, instead current 15 percent.

A local plant will help Tesla lower prices in the market to compete with a new generation of local rivals including Nio, Byton and XPeng Motors.

Tesla signed a preliminary agreement with the Shanghai government a year ago to build the 500,000-unit factory in the Chinese city.

Lawyers for investors in this case said both she and her "current or former" friend, U.S. rapper Azealia Banks, were "in direct contact with Musk in the hours and days following the tweet" and might have evidence which was in danger of being destroyed because it was likely to be stored electronically, such as on social media.

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"While this may not produce the same tariff reduction benefits, we expect there would still be some model benefit, particularly as the company vertically integrates supply chain within China", Um wrote in a note on Jan 3.

Alan Kang, Shanghai-based analyst for consultancy LMC Automotive, said: "Tesla's sales (in China) have dropped over the past few months because of high price caused by the tariffs". China can build large factories in weeks. "This is going to get extremely ugly.Elon will learn very soon who is more powerful of us two".

Tesla has been pushing forward its plans for the plant after it secured the site in October, hiring staff, starting procurement for building materials and setting up a financial leasing company in the city.

Tesla plans to produce its Model 3 and Model Y cars in the initial phase of production at the Shanghai plant, with an annual capacity of 250,000 vehicles.

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