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Tesla signs $9 billion agreement to build factory in China, report says

Tesla Motors has reportedly signed a non-binding agreement with Chinese government-owned company Jinqiao Group to construct a Tesla production plant in the city of Shanghai. All told, the investment could cost $9 billion, a person close to the matter told Bloomberg. SEE ALSO: Elon Musk says the Tesla Model S ‘floats well enough’ to double as a boat This report comes six months after company CEO Elon Musk revealed that Tesla intended to choose a…

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Source – Mashable:
Tesla signs billion agreement to build factory in China, report says

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