Daily Management Review

Tesla To Explore Shanghai Production While Preliminary Agreement Sets The Initial Stage


06/22/2017


Shanghai and Tesla are conducting preliminary talks to enter into an agreement.



According to Bloomberg’s report, Tesla Inc., the manufacturer of electric cars in the U.S., has arrives at a preliminary stage in an agreement with Shanghai wherein the former seeks to “explore” the production market of the city in China.
 
Moreover, the annual report of Tesla also showed that last year the revenue of the company generated in China had “more than tripled to over $1 billion”. However, the company was not available for immediate reply to “a request for comment”.
 
While, Reuters also added that:
“Tesla's shares were slightly higher at $378.50 in premarket trading.”
 
 
References:
www.reuters.com







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