Tesla's Silk Road?
Tesla Inc. (TSLA) - Get Report shares are expected to open sharply higher Tuesday amid reports the group may open a new production facility in China, a move that would avoid tariffs in the world's second-largest economy but risk the ire of U.S. President Donald Trump's "buy American, hire American" industrial policy.
Bloomberg reported late Monday that Tesla could reach an deal with officials in China to build a new plant in the Lingang development zone near Shanghai, but would first need to arrange a joint-venture agreement with a local manufacturer in order to comply with Chinese law.
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This article was written by a staff member of TheStreet.
