• Tesla commits to 500,000-car factory in China as tarrifs kick in

    6 days ago - By TheBoyGeniusReport

    Tesla CEO and wannabe cave diver Elon Musk was in Shanghai on Tuesday to secure a deal with Chinese authorities to build an ambitious new car plant, Tesla's first outside the US, and a sign that President Trump's rapidly-escalating trade war might be having an unintended effect. The announcement came just as Tesla raised prices on its vehicles in China to offset the cost of tarrifs imposed by the Chinese government in retaliation for US tarrifs recently levied on Chinese goods.
    The plant will start producing cars two or three years after construction begins, according to Reuters , with an...
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  • Tesla reaches deal to build electric vehicle factory in China

    Tesla reaches deal to build electric vehicle factory in China

    6 days ago - By TechCrunch

    Tesla has reached a deal with the Shanghai government to build a factory capable of producing 500,000 electric vehicles a year.
    The factory would be the automaker's second assembly plant and aimed at serving the alluring Chinese market. Tesla and the Shanghai Municipal People's Government announced Tuesday they had signed the cooperative agreement.
    Tesla announced last year it was working with the Shanghai municipal government to explore the possibility of establishing a factory in the region. Construction on the factory, which the company has dubbed Gigafactory 3, is expected to begin “in...
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  • How Is Musk Going To Pay For Tesla's Chinese Gigafactory?

    6 days ago - By Forbes

    The electric carmaker envisions a Shanghai region plant to build 500,000 vehicles a year, as well as the batteries and motors they'll need, without laying out a plan to cover a price tag that could reach $5 billion.
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  • Tesla to Build China Plant With Goal of Producing 500,000 Cars a Year

    6 days ago - By NY Times

    The wholly owned operation, based in Shanghai, would be the first overseas factory for the automaker's electric vehicles.
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  • Tesla hopes to produce 500,000 cars per year at new Shanghai plant - Roadshow

    6 days ago - By CNET

    The California-based automaker has been trying to plant its feet in The Middle Kingdom for more than a year.
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