IHS Markit's Chao Says 2018 a Ramp Up Year for Tesla

The video discusses Tesla's current production challenges, particularly with the Model 3, and the company's plans to overcome these issues by 2018. It also covers Tesla's strategy to establish a production facility in China, which is expected to take three years but will offer significant market advantages. Additionally, the video highlights the competitive landscape in the electric vehicle market, with traditional automakers investing heavily in this segment, posing a challenge to Tesla's market position.

What is the main production challenge Tesla is facing with the Model 3?

• Manufacturing bottlenecks

• High production costs

• Insufficient marketing

• Lack of consumer interest

How long is Tesla expected to take to start local production in China?

• Four years

• One year

• Two years

• Three years

What advantage does Tesla gain by having a production facility in China?

• Access to new technology

• Increased brand recognition

• Faster market response

• Lower labor costs

What is the main concern regarding Tesla's ability to compete in the electric vehicle market?

• High pricing

• Limited market presence

• Lack of innovation

• Slow production ramp-up

Why is Tesla considered to have a competitive advantage in the electric vehicle market?

• Exclusive technology patents

• Lower production costs

• Strong consumer mindshare

• Government subsidies