Tesla CEO Elon Musk speaking at a delivery ceremony for the first Tesla Model 3 cars made at Tesla's Shanghai factory in Shanghai, on Tuesday (Jan 7). Musk said the electric automaker plans to set up a design centre in China to create a model for worldwide sales. - AP
BEIJING: The made-in-China Tesla has arrived. That’s getting investors excited about everything that goes into the electric vehicles - from valves and auto glass to headrests and seats. The enthusiasm for Tesla’s Chinese suppliers may be premature, though.
Beijing has given Elon Musk all that the US couldn’t: cash, concessions and cheap development costs. Tesla Inc.’s revenue from China accounted for about 11% of its total for the quarter ended September, up from 6% a year ago.
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