Tesla's Silk Road?
Tesla Inc. (TSLA) - Get Tesla Inc 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
TheStreet Recommends
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.
