Tesla Motors Inc: China Car Production To Start In 2 Years – ValueWalk Premium
Tesla

Tesla Motors Inc: China Car Production To Start In 2 Years

Tesla Motors announced very optimistic goal of beginning to produce its lineup of electric cars in China within the next two years.  Tesla Motors Inc (NASDAQ:TSLA) CEO Elon Musk said that producing Teslas in China “could cut sales prices of Tesla cars in China by a third,” thanks to local production.  Musk also detailed that lower shipping costs and no import duties as positive reasons behind moving some production to China, in order to take advantage of the fuel . . .

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