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Tesla CEO Musk Breaks Ground at Shanghai Gigafactory to Launch China Push

“Trade war aside, the carmaker is building the plant in an auto market that likely contracted last year for the first time in decades” writes Min Read for reuters.com. All Model S/X & higher cost versions of Model 3/Y will still be built in US for WW market, incl China,” Musk said in another tweet, referring to the worldwide market.SHANGHAI/BEIJING (Reuters) – Tesla Inc (TSLA.O) broke ground on Monday for its Shanghai Gigafactory where it plans to begin making its Model 3 electric vehicles (EV) by year-end, a first step in localizing production in the world’s largest auto market.China raised the import tariff on U.S. cars to 40 percent in July, but cut it to 15 percent from the start of this year as part of a trade war ceasefire.
 
Source: reuters.com



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