Tesla reaches agreement with Shanghai to explore production: Bloomberg
Reuters
Published Jun 22, 2017 06:31AM ET
Tesla reaches agreement with Shanghai to explore production: Bloomberg
(Reuters) - U.S. electric-car maker Tesla (NASDAQ:TSLA) Inc has reached a preliminary agreement with Shanghai to explore production in the Chinese city, Bloomberg reported on Thursday, citing people familiar with the matter. (https://bloom.bg/2twAd6z)
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.
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Written By: Reuters
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