Elon Musk is doubling down on China as car sales plummet and EV subsidies are slashed
The electric-car maker is building a factory in Shanghai that it expects to begin producing vehicles by the end of this year Having a factory in China will reduce the shipping costs required to send vehicles to Chinese customers, which could allow Tesla to cut prices and attract more customers. But Tesla is increasing its investment in China at a time when auto sales are declining for the first time in almost three decades, and the Chinese government is cutting subsidies for electric vehicles.
The electric-car maker is building a factory in Shanghai that it expects to begin producing vehicles by the end of this year Having a factory in China will reduce the shipping costs required to send vehicles to Chinese customers, which could allow Tesla to cut prices and attract more customers. But Tesla is increasing its investment in China at a time when auto sales are declining for the first time in almost three decades, and the Chinese government is cutting subsidies for electric vehicles.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk knew SolarCity was going broke before merger with Tesla, lawsuit allegesWhen Tesla bought SolarCity in 2016, Elon Musk billed the deal as a match made in green energy heaven. What he didn't mention: SolarCity was in deep financial trouble.
Leer más »
WeWork's CEO drama has one industry insider calling it an 'Elon Musk situation''It's almost like an Elon Musk situation,' a pre-IPO analyst says. ''The company runs on his charisma and vision.'
Leer más »
Australia stocks set to dip as investors watch US-China trade developmentsStocks in Australia were set to dip at the open on Monday as investors watch for developments on the U.S.-China trade front.
Leer más »
A Crackdown on Islam Is Spreading Across ChinaYINCHUAN, China -- In China&39;s northwest, the government is stripping the most overt expressions of the Islamic faith from a picturesque valley where most residents are devout Muslims. Authorities have destroyed domes and minarets on mosques, including one in a small village near Linxia, a city known
Leer más »
UBS sees 'potential for resolution' in the US-China trade talks despite current 'volatility''Whilst there is a big dispute at the moment, I think there's also potential for resolution,' UBS chairman Axel Weber says of the ongoing trade war negotiations.
Leer más »
Box Office: 'Once Upon a Time in Hollywood' Lands China Release DateThe Leonardo DiCaprio and Brad Pitt-starring awards season favorite will be Tarantino's first proper release in the Middle Kingdom, which could help push the film's worldwide box office clear past $400 million.
Leer más »