Tesla has reached an agreement to build a factory in Shanghai, China:
Tesla Inc. has reached an agreement with the Shanghai government to set up its own manufacturing facility in the city, the Wall Street Journal reported Sunday, citing people briefed on the plan.
The Palo Alto, California-based carmaker is working with the local government on the timing and details of an announcement, the people told the newspaper. The deal, which without a local partner likely won't negate China's 25 percent import tax, will still allow Tesla to reduce its production costs drastically, according to the report.
China is the world's largest market for automobiles.
Previously: Tesla's Big China Chances on Indefinite Hold
(Score: 2) by stretch611 on Monday October 23 2017, @07:40PM (2 children)
I wonder if this is related to the recent mass firings due to "performance" issues at tesla.
https://www.cnbc.com/2017/10/17/tesla-firings-former-and-current-employees-allege-layoffs.html [cnbc.com]
OFC, Tesla will never admit that they are related.
Now with 5 covid vaccine shots/boosters altering my DNA :P
(Score: 2) by takyon on Monday October 23 2017, @08:32PM
It isn't.
This is a factory in China to produce cars TO BE SOLD IN CHINA, which is now the world's largest auto market.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2) by e_armadillo on Monday October 23 2017, @10:34PM
I would bet the firings were more likely dealing with the union agitator problem . . . that or something about a moose
"How are we gonna get out of here?" ... "We'll dig our way out!" ... "No, no, dig UP stupid!"