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-0.00311118971993146 -0.0049228773776098 -0.00572124820980696 0.0010034907229309 0.00398202805843589 0.0189361278768987 0.0249853222593157 0.0215922462224776
Stock impact report

Elon Musk Accelerates Tesla's China Strategy With Shanghai Gigafactory Groundbreaking [Forbes]

Tesla, Inc (TSLA)  More Company Research Source: Forbes
Last tesla, inc earnings: 4/24 05:13 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
PDF Elon Musk Accelerates Tesla's China Strategy With Shanghai Gigafactory Groundbreaking Fast on the heels of Tesla's plan to start delivering Model 3 electric cars Work on "Gigafactory 3," being built on an 860,000-square-meter site Tesla acquired last year for about $140 million, gets under way as the Palo Alto, California-based company needs a local production base for the Model 3 and future Model Y crossover to avoid China's steep tariffs on imported vehicles. Construction is to move much faster than is typical for new auto-assembly plants, with Musk tweeting that the first stage of construction should be done in the second half of 2019. "Aiming to finish initial construction this summer, start Model 3 production end of year & reach high volume production next year," the billionaire entrepreneur said. "Shanghai Giga production of Model 3/Y will serve greater China region ... not North America. Affordable cars must be made on same continent as customers." Tesla reached an agreement wi [Read more]
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