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Tesla's China Strategy Advances With Land Deal For Shanghai Gigafactory

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Tesla building its 1st Gigafactory outside of the U.S. is an important step towards achieving lower production costs and profit

 

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What about loss of US jobs?

Will Tesla be the company of the future or fail as competition catches up? I suppose someone was asking this same question about Apple at one time.

So the US is giving tax breaks to Tesla to build Gigafactories elsewhere....makes sense.

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Tesla shares slump premarket on report that plan to expand Gigafactory is on holdTelsa Inc. shares fell 4% in premarket trade Thursday, after a report that the electric car maker and Japan's Panasonic Corp. are freezing plans to expand... I heard it will be converted to making toasters instead.
Source: MarketWatch - 🏆 3. / 97 Read more »