Tesla's Silk Road?

Tesla shares are expected to open sharply higher Tuesday amid reports the group may open a new production facility in China
Author:
Publish date:

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.

Read More:

SFO Puts Barclays In The Crosshairs

Bank of England Governor Mocks "Have Your Cake and Eat It" Brexit

Inside UPS's Surge Pricing Plans

Why The 747 Is Flying Off Into The Sunset

Wall Street Preview: Tech Stocks In Focus

This article was written by a staff member of TheStreet.