• Tesla Reportedly Close to Opening a $145 Million USD Factory in Shanghai

    7 days ago - By Hypebeast

    According to reports , Tesla is close to securing a $145 million USD plot of land for a factory in Shanghai, China. Despite no official word from Elon Musk 's electric automobile company, it's reported that Tesla is the sole bidder on the plot and that the Shanghai government could award the deal as soon as the end of this month.
    The potential move is Tesla's solution to China's trade war with the United States that has seen a 40 percent tariff rate on its electric vehicle purchases in the nation. Looking to further its reach in the world's largest car market known to favor local vehicles...
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