Tesla Reaches Agreement with Shanghai to Explore Production

 

American electric-car maker Tesla Inc has reached a preliminary agreement with Shanghai to explore production in the Chinese city, Bloomberg reported, citing people familiar with the matter.

Tesla’s revenue from China more than tripled to over $1 billion last year, according to its annual report. The company did not immediately respond to a request for comment.

Tesla’s shares were slightly higher at $378.50 in premarket trading, Reuters reports.

 

 

 

 

 

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