Working out a concrete example of tensor product
Thanks for the hint in comments. It's more clear now what the answer would be:
Applied to the case in the QUESTION, the change of basis matrix is $\small\begin{bmatrix}3&4&-1\\0&3&7\\1&3&0.5\end{bmatrix}$, and its inverse $\small\begin{bmatrix}0.7&0.2&-1.1\\-0.3&-0.1&0.8\\0.1&0.2&-0.3\end{bmatrix}$. The vectors $v$ and $w$ in the new coordinate system are
$v =\small\begin{bmatrix}0.7&0.2&-1.1\\-0.3&-0.1&0.8\\0.1&0.2&-0.3\end{bmatrix}\begin{bmatrix}1\\2\\3\end{bmatrix} =\begin{bmatrix}-2.3\\1.9\\-0.5\end{bmatrix}$ and $w=\small\begin{bmatrix}0.7&0.2&-1.1\\-0.3&-0.1&0.8\\0.1&0.2&-0.3\end{bmatrix}\begin{bmatrix}1\\0\\0\end{bmatrix}=\begin{bmatrix}0.7\\-0.3\\0.1\end{bmatrix}$.
Therefore,
$$\begin{align}\large v\otimes w=\left(-.23\tilde x + 1.9\tilde y -0.5 \tilde z\right)\otimes \left(0.7\tilde x -0.3\tilde y + 0.1\tilde z\right)\\[2ex]=-1.6\;\tilde x\otimes \tilde x + 1.3\;\tilde x\otimes \tilde y -0.3 \;\tilde x\otimes \tilde z + 0.6\;\tilde y\otimes \tilde x -0.5\;\tilde y\otimes \tilde y+ 0.1\;\tilde y\otimes \tilde z -0.3\;\tilde z\otimes \tilde x +0.2 \;\tilde z\otimes \tilde y-0.1\;\tilde z\otimes \tilde z\end{align}$$
So what's the point?
Starting off defining the tensor product of two vector spaces ($V\otimes W$) with the same bases, we end up calculating the outer product of two vectors:
$$\large v\otimes_o w=\small \begin{bmatrix}-2.3\\1.9\\-0.5\end{bmatrix}\begin{bmatrix}0.7&-0.3&0.1\end{bmatrix}=\begin{bmatrix}-1.61&0.69&-0.23\\1.33&-0.57&0.19\\-0.35&0.15&-0.05\end{bmatrix}$$
This connect this post to this more general question.