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Tesla Advances in China, Buying Land Purchase for a Factory

Wall Street Journal Wednesday, 17 October 2018
Elon Musk’s electric-vehicle maker is speeding up construction of a plant in Shanghai in response to the U.S.-China trade dispute.
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News video: Tesla Commits To Huge Investment In China, Just As Market Slows

▶ Tesla Commits To Huge Investment In China, Just As Market Slows 00:44

Automotive News reports Tesla's breakthrough deal to secure land for a Shanghai factory commits Tesla to a multibillion-dollar investment just as the Chinese vehicle market falters. The company secured more than 200 acres of land for its planned Gigafactory 3 in Shanghai with a $140 million bid ....

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Tesla's new Shanghai factory is planning to produce two models in its first phase project, says Auto News.The factory aims to manufacture Model 3 and Model Y cars, with annual capacity of 250,000..

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