Tesla's China Ambitions -- Not Tariffs -- Might Hinder the Company
Provided By - Video Elephant on July 10, 2018
As the U.S.-China trade war heats up, the electric car company signed an agreement in Shanghai to build a plant it says will produce 500,000 vehicles a year. China is one of the world's largest markets for electric vehicles and Musk has long wanted to move into the mass market there with its cheaper Model 3 car. But given Tesla's track record of missing production targets for that vehicle, the carmaker might not live up to its promise. "What's going to hurt Tesla in getting up to speed in China is, as always, their ambition," says Marty Padgett, editorial director of internet brands automotive.