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Tesla secures Shanghai site for $2 billion China Gigafactory

Reuters Wednesday, 17 October 2018
Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday.
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News video: Tesla Commits To Huge Investment In China, Just As Market Slows

Tesla Commits To Huge Investment In China, Just As Market Slows 00:45

Automotive News reports Tesla's breakthrough deal to secure land for a Shanghai factory commits Tesla to a multibillion-dollar investment just as the Chinese vehicle market falters. The company secured more than 200 acres of land for its planned Gigafactory 3 in Shanghai with a $140 million bid ....

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