Tesla may build cars in China within the next two years
Tesla Motors primarily manufactures its cars in California, but CEO Elon Musk intends to change that. As reported by The Wall Street Joural Musk said that Tesla will start building autos in China as a way to offer its cars to the country at lower prices. He believes that a local production facility could cut the cost of Tesla cars by a third due to significantly reduced shipping costs and the lack of import fees. Of course, Musk’s plan is easier said than done: China prevents foreign car makers from running manufacturing plants without a Chinese partner, so Tesla will need to buddy up with someone in the country to make its plans work.
Source: The Wall Street Journal
AIVAnet 