Tesla (TSLA) CEO Musk Says No Deal Signed Yet for Factory in China

Tesla (Nasdaq: TSLA) CEO Elon Musk rebuked a recent report that the company has signed an agreement for a massive production facility in China.

The following was posted to Twitter on Monday morning:

@newsycombinator @mashable We haven't signed anything for a factory in China

— Elon Musk (@elonmusk) June 27, 2016

Notably, Musk said that Tesla hasn't signed anything "for a factory yet." That doesn't mean the company isn't already in other production-related agreements for China, but that is just speculation from us.

Shares of Tesla are down over 1 percent, but off of earlier lows.

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