The Traderszone Network

Published in TZ Latest News 23 October, 2015 by The TZ Newswire Staff

Tesla CEO says negotiating with China on local production

(In this story Tesla corrects Chinese transcript, issues English-language statement. SHANGHAI (Reuters) – Tesla Motors Inc is negotiating with the Chinese government on potentially producing cars domestically, Chief Executive Officer Elon Musk said. Local production has the potential to slash the sales prices of its models by a third, he said, according to the automaker’s written releases on Musk’s remarks on Thursday and Friday in Beijing.