Tesla to build first overseas plant in Shanghai

Илон Маск рассказал что в Норвегии зря обижаются на Tesla

China is the world's largest market for electric vehicles and was responsible for about 17% of the company's revenue in 2017. Previously, It was not even possible because of the foreign investment restrictions.

The change represents a net price increase for Tesla buyers.

The Shanghai agreement left two big outstanding questions.

Tesla is the first automaker to reach this milestone, while General Motors has said that it expects to follow sometime later this year.

Elon Musk in Shanghai.

Tripp's whistleblower tip, which was filed July 6, alleges that Tesla knowingly manufactured batteries with punctured holes possibly impacting hundreds of cars on the road; misled the investing public as to the numbers of Model 3s actually being produced each week by as much as 44 percent; and lowered vehicle specifications and systemically used scrap and waste material in vehicles, all so as to meet production quotas, according to a statement from Meissner Associates.

Panasonic would be open to working with Tesla in Shanghai, Bloomberg reported.

The carmaker also has a giant battery factory in Nevada. Ever since Sony commercialized lithium-ion production back in 1991, the energy storage industry has looked to Japan and South Korean for top-tier batteries. The category - which includes battery-powered, plug-in hybrid and fuel-cell automobiles - reached 777,000 units a year ago and could surpass one million sales in 2018, according to the China Association of Automobile Manufacturers.

Tesla has confirmed a phase-out schedule for federal income tax credits, which now serve as a $7,500 incentive to purchase any of the company's electric vehicles. The idea was to boost the initial wave of EVs by making them more affordable, but to withdraw taxpayer support once they hit a certain threshold. Then it will halve to $3,750 for the first half of 2019 and halve again for the second half. Tesla's official website also included a table comparing the Model S favorably to the Model 3, both in features and in availability. In its lawsuit, the electric auto giant has also claimed that Tripp leaked false and misleading info in the media. Construction will begin soon after approvals and permits are secured, and the first vehicles will roll off the line within roughly two years, a Tesla spokesman said.

Following the change, Tesla buyers will only be eligible to receive the full $7,500 federal tax credit until December 31.

China already charged a 25 percent tariff on imported cars.

The news comes a week after a 'trade war' between the USA and China began, as the US placed a 25% tariff on $34 billion worth of imported Chinese goods.

People walk past a showroom outside Tesla China headquarters at China Central Mall in Beijing, China July 11, 2018. CEO Elon Musk, for one, noted on Twitter that the Model 3, while newer than the Model S, is not a superior vehicle.

Each manufacturer is allotted 200,000 credits before the phaseout begins. Once installed in a Tesla vehicle, it gets shipped back to Asia to reach customers there.

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