By Reuters
Share this articleComments
(Reuters) - Tesla Inc <TSLA.O> said on Friday it is looking to reduce the impact of tariffs on its Model 3 sedan by building more cars in Shanghai, China.
The company said https://www.sec.gov/Archives/edgar/data/1318605/000156459018026353/tsla-10q_20180930.htm#ITEM1_LEGAL_PROCEEDINGS in a filing that it is developing plans to start producing about 3,000 Model 3 vehicles per week in Shanghai in the initial phase of its Gigafactory 3.
The company said Model S and Model X sales in China have been, and will likely continue to be, hurt by recently increased tariffs imposed by the Chinese government on U.S.-manufactured vehicles.
(Reporting by Akanksha Rana in Bengaluru; Editing by Bernard Orr)
Share this articleComments