Tesla reaches agreement with Shanghai to explore production: Bloomberg
Tweet
Share
E-mail
FILE PHOTO -- A Tesla Model S charges at a Tesla Supercharger station in Cabazon, California, U.S. May 18, 2016. REUTERS/Sam Mircovich/File Photo
(Reuters) - U.S. electric-car maker Tesla 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.
(Reporting by Narottam Medhora in Bengaluru; Editing by Sai Sachin Ravikumar)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla readies August launch of CyberCab - The Information
- GoPro promotes CFO Brian Tratt to senior vice president role
- Polar Power adds two directors with defense and business experience
Create E-mail Alert Related Categories
Corporate News, ReutersRelated Entities
TeslaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
