Tesla boss Elon Musk said the electric car-maker would break ground Monday on a Shanghai factory that will allow it to sell directly to Chinese consumers and avoid tariffs from the China-US trade war.
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Tesla to break ground on Shanghai plant as trade war lingersTesla boss Elon Musk said the electric car-maker would break ground Monday on a Shanghai factory that will allow it to sell to Chinese consumers and avoid tariffs from the China-US trade war.
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Tesla to break ground on Shanghai Gigafactory today, CEO Musk says - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The $2 billion factory marks a major bet by Tesla as the US electric vehicle maker looks to bolster its presence in the world’s biggest auto market.
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Nuts to the trade war – Elon Musk breaks ground on Tesla Shanghai plantTesla boss Elon Musk presided Monday over the ground-breaking for a Shanghai factory that will allow the electric-car manufacturer to dodge the China-US tariff crossfire and sell directly to the world's biggest market for 'green' vehicles. The plant in a Shanghai suburb is Musk's biggest overseas move yet and will eventually have an annual production capacity of 500,000 vehicles, Tesla says, dramatically increasing the California-based company's output.
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Expect Tesla to almost double its vehicle lineup in 2019Among the new models expected to be launched by Tesla this year are the Model Y, the Tesla Pickup, and the Tesla Semi. Right now, Tesla has several vehicle projects in the works. If we're lucky, we'll see three new models go into production and hit the consumer market this year. Model Y The Tesla Model Y (above), which is based on the Model 3 platform but in crossover form, is expected to be released in March 2019 with production beginning in 2020.
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Tesla says it has battery quotes from China's Lishen but no deal agreedTesla says it has received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory, but has not signed any agreement with the Chinese company. 'Tesla previously received quotes from Lishen, but did not proceed further,' a Tesla spokesman said on Tuesday. 'We have not signed any agreement of any kind with them.
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Volvo’s Polestar brand previews Tesla rivalling sedan | IOL MotoringVolvo’s Polestar brand has released the first preliminary details about its upcoming four-door fastback. IOLmotoring
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Tesla shares dive after Model 3 delivery falls short of estimatesThe company is to cut $2,000 off the Model 3 price in the US
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Saudi Arabia slashes exposure to TeslaThe move marks the latest twist in the relationship between CEO Elon Musk and the Saudis’ Public Investment Fund overseen by Crown Prince Mohammed bin Salman
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